Question

what is the value of paye​

Answer 1

Answer:

Projected total remuneration = Annual equivalent of regular income + irregular income = R120,000 + R20,000 = R140,000.

Tax calculated on R140,000 as per tax tables = R11,133.

PAYE payable on irregular income = Tax on total income – Tax on regular income = R11,133 – R7,533 = R3,600.

Answer 2

Answer:

PAYE, or pay as you earn, is the income tax which is deducted from your salary or pension before you receive it. Most employees pay income tax in this way. Rather than you making a payment to HMRC, the correct amount is deducted from your salary before you are paid, and sent to HMRC by your employer.