Tanda Payroll now supports configuring tax-free portions of Earnings Rates. Set these values directly on an Earnings Rate in
Payroll Settings
>
Earnings Rates
under the
Tax Free Amount
section, using one of two methods:
Per unit:
A portion of each unit paid is tax-free.
For example, for a $0.99 Cents/KM allowance, $0.88 could be configured as tax-free.
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Per year:
The allowance is tax-free up to an annual limit for that financial year.
For example, the first $150 of Laundry allowances per year could be configured as tax-free.
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We will soon be updating our Managed Award templates to export and automatically update the tax-free amounts for Laundry and Cents/KM allowances each year in Tanda Payroll.