The Finance Act 2021 has been enacted. Below are the key changes that affect payroll taxes:
1. IET
The Income Exemption Threshold remains the same.
2. Relief for Medical Insurance premium or contribution
Medical insurance premiums of up to Rs20…
As per Finance Act 2021, No 3, Section 25, the PAYE tax tables were updated.
These tax changes have been deployed to your system.
To find out more about the changes made and more, please click on the What's New button, from the Quick Links menu…
