If you have received payments during the year and have had income tax installments withheld from those payments, you should receive a PAYG payment summary from your payer (employer). The payment summary will show the total payments you received and total amounts withheld for the financial year. Payments may include income earned from part-time or casual jobs.
Examples:
- salary
- wages
- commissions
- bonuses.
The PAYG payment summary will include:
- your gross income from that payer
- total tax withheld, and
- your payer's Australian business number (ABN) or withholder payer number (WPN).
The PAYG payment summary will assist you in completing your tax return.
(Source: ATO)
comments
0 Responses to "PAYG Payment Summaries"Post a Comment
Thanks for using my TAX BLOG. Depending on our current work load there may be a delay in responding to questions.
Topical questions will be added to our Facebook and Twitter accounts - check it out and like!
Kind regards