What is payment summary?

 

What is payment summary?

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09-Sep-2010 11:18 AM

Mr Tax

Posts: 13

Payment summary is a statement from the employer outlining the full amount of wages you earned and the amount of tax paid in a financial year. This document is quite essential in lodging your tax return. Employers are legally required to give the payment summary to you within 2 weeks after the end of financial year (by 14th of July) or within 4 weeks since you leave the company. Payment summary must be obtained from each employer you have worked for in that financial year. If you do not have a payment summary you might have to provide other documents like final payslip and statutory declaration

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