payroll+tax+rate

http://www.osr.nsw.gov.au/sites/default/files/file_manager/example_calculations.pdf

Monthly calculations From 1 July 2016, the payroll tax rate is 5.45 per cent. From 1 July 2016, the threshold is $750,000. Your monthly threshold is calculated using the number of days in the month, divided by the number of days in the year, multiplied by the threshold. > Calculation of threshold for period of employment > No. of days employing x threshold No. of days in period > Calculation of employer’s tax payable for the period > Less threshold for the period > Balance x rate of tax = tax payable > Calculation of threshold for period of employment > No. of days employing x threshold > No. of days in period > Calculation of threshold for period of employment > NSW wages x threshold > Employer’s total Australian wages > Calculation of employer’s tax payable for the period > Employer’s NSW wages for the period Less threshold for the period > > Balance x rate of tax = tax payable || Days in months || Threshold || 3. Grouped employer paying as the Designated Group Employer Calculation of threshold for period of employment No. of days employing x threshold No. of days in period Calculation of threshold for period of employment Total NSW wages of group x threshold Total Australian group wages Calculation of employer’s tax payable for the period Employer’s NSW wages for the period Less threshold for the period
 * Monthly Example Calculations for the 2016–17 Financial Year
 * Monthly Example Calculations for the 2016–17 Financial Year
 * Monthly Example Calculations for the 2016–17 Financial Year
 * 1)  Non-grouped employer paying wages in NSW only
 * 1)  Non-grouped employer paying wages in NSW and interstate
 * 28 || $57,534 ||
 * 30 || $61,644 ||
 * 31 || $63,699 ||

Balance x rate of tax = tax payable Designated Group Employers Only one member of a group can claim the group’s NSW threshold entitlement. Grouped employers are required to nominate a Designated Group Employer (DGE) for their group. If you are not the DGE, you do not receive any threshold entitlement. To qualify for DGE status, the individual wages for the nominated DGE member need to be more than the threshold for that period. If none of the members qualify to be the DGE, which means if no group member’s individual wages are above the threshold, you must nominate a Group Single Lodger to be responsible for lodging and paying payroll tax on behalf of all members of the group. Apprentice/trainee wages If you employ apprentices or trainees, to calculate the apprentice/trainee offset, you will need to do 2 calculations as follows: Calculation 1. Include all apprentice/trainees wages

Calculation 2. Exclude all apprentice/trainees wages

Subtract calculation 2 from calculation 1 = apprentice/trainee offset