Payg summary template 2025

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If your payment summary is lost, missing or destroyed you can get the information you need by: requesting a copy from your employer or payer. requesting a letter from your employer or payer stating details of your income and the amount of tax withheld.
Multiply the hourly wage by the number of hours worked per week. Then, multiply that number by the total number of weeks in a year (52). For example, if an employee makes $25 per hour and works 40 hours per week, the annual salary is 25 x 40 x 52 = $52,000.
Pay As You Go (PAYG) withholding is a system of withholding income tax from an employee or contractors salary or wages.
We calculate your PAYG instalment rate using information from your most recently lodged tax return. The instalment rate calculation is: (Estimated (notional) tax instalment income) 100.
How to find your PAYG Payment Summary Heading to the relevant ATO page under linked services Clicking View my income statements Your PAYG Payment Summary from the most recent financial year, as well as the current financial year, should be visible.
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When you pay your employees, you must withhold a certain amount of tax from their pay. You then send this tax to ATO. The ATO calls this pay as you go (PAYG) withholding. You withhold this tax on behalf of your employees. They can claim against the amount withheld at the end of the financial year.

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