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picture1_Calculate In Excel Sheet 46553 | Calculate Your Tax Payable (cumulative Basis)


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File: Calculate In Excel Sheet 46553 | Calculate Your Tax Payable (cumulative Basis)
calculate your tax to date cumulative basis tax basis must be cumulative for this calculation to be correct please complete from your own payslip under cumulatives yeartodate just enter amounts ...

icon picture XLSX Filetype Excel XLSX | Posted on 18 Aug 2022 | 3 years ago
Partial file snippet.
                        Calculate Your Tax To Date (Cumulative Basis)
                      Tax Basis must be Cumulative for this calculation to be correct
            Please complete from your own Payslip under Cumulatives (Year-to-date)                
                                                                         (Just enter amounts in the grey cells B5, B6, B7)
                                                                                                 Enter Cumulative Cut 
                                             Cumulatives on Payslip                              Off on your payslip
            Cut Off/Rate Band                                      0.00                  Enter Cumulative 
                                                                                         Tax Credit on your 
            Tax Credits                                            0.00                  payslip
            Taxable Pay (on your payslip)                          0.00
                                                                                                 Enter Cumulative 
               The following table will automatically calculate Tax Payable when you have        Taxable Pay on your 
                                  entered values in the grey cells above                         payslip
            Apply the standard rate of 20% 
            to your taxable pay that is under 
            your cut off/rate band value     Tax Due at 20%                      0.00
            Apply the higher rate of 40% to 
            your taxable pay that is greater 
            than your cut off/rate band      Tax Due at 40%                      0.00
            value. 
            Add the two amounts calculated 
            at 20% & 40%                     Cumulative Tax Due                  0.00
            Take away the amount of your 
            Tax Credit                       Cumulative Tax Credit               0.00
                                 Tax Payable                                    0.00
                            Reason why Tax payable is zero or less than expected
            Your cumulative tax credits might be more than the cumulative tax due in a particular pay period. In 
            this case, tax is not deducted from your pay for that period. You may also have not worked for 
            previous months but you are still entitled to tax credits for the full year. In this case, you may pay less 
            tax for a number of periods directly after the months you never worked.
                           Ensure Tax Basis is Cumulative on Payslip under the 
                                    heading Details
Enter Cumulative Cut 
Off on your payslip
Enter Cumulative 
Taxable Pay on your 
payslip
                           Cumulatives amount on payslip                                                          
                               (Enter cumulative amounts in cell B5, B6, B7)
The words contained in this file might help you see if this file matches what you are looking for:

...Calculate your tax to date cumulative basis must be for this calculation correct please complete from own payslip under cumulatives yeartodate just enter amounts in the grey cells b cut on off offrate band credit credits taxable pay following table will automatically payable when you have entered values above apply standard rate of that is value due at higher greater than add two calculated take away amount reason why zero or less expected might more a particular period case not deducted may also worked previous months but are still entitled full year number periods directly after never ensure heading details cell...

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