Pay As You Earn

Income tax deducted from salaries by the employer and remitted monthly.

Area: People & Payroll
Abbreviation: PAYE
Also known as: PAYE, income tax deduction
In this area: 16 terms of 259

PAYE requires the employer to calculate income tax on each employee’s taxable pay using graduated bands, apply available reliefs, deduct the tax and remit it by the statutory deadline.

Taxable pay is not the same as basic salary — non-cash benefits, housing and allowances are typically included, which is where most PAYE errors originate rather than in the rate calculation.

See it in AWRA OpsHub

Payroll Management