Q » Explain the basic principle of PAYE (Pay As You Earn).
24 Nov, 2025
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A » The Pay As You Earn (PAYE) system is a method of income tax withholding from employees' salaries, where employers deduct tax payments directly at each pay period. This ensures taxes are spread out throughout the year, aligning with earnings, and reducing the need for lump-sum tax payments. Employers then remit these deductions to the tax authorities, facilitating efficient tax collection and compliance.
24 Nov, 2025
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