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What is PAYE and how does it work?

Posted 15 October 2013 under Tax Questions



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What is PAYE and how does it work?

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TaxTimTaxTim says:
16 October 2013 at 17:24

PAYE is Pay-As-You-Earn and is deducted from your salary on a monthly basis by your employer as a payment of taxes to SARS. Effectively you are paying your taxes each month instead of one lump sum at year end. It is based on the annual SARS tax rates 2014 which then get divided per month/week/or fortnight depending on how you get paid.


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