Australian Legislation: Why Is There A Difference In Tax Calculated For Monthly Employee When Comparing Oracle Payroll to ATO Calculator Result?
Last updated on JULY 14, 2016
Applies to:Oracle HRMS (Australia) - Version 12.1.3 to 12.2.4 [Release 12.1 to 12.2]
Information in this document applies to any platform.
Taxable Gross = 20240.99
Tax calculated by Oracle Payroll = 7414
Tax according to ATO calculator = 7419 for Taxable Gross 20240.99
So Oracle calculation and ATO Calculator values do not match - there's a difference of $5 in tax.
Is this a bug?
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