File:Secondary Employment And Deduction Tax Codes (8743013884).jpg
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[edit]DescriptionSecondary Employment And Deduction Tax Codes (8743013884).jpg |
Extracts from 1958 PAYE Tax Tables Finance Minister Arnold Nordmeyer's budget of 1958, labelled "the Black Budget", is best known for increased taxes on beer, tobacco, cars and petrol. However, it also confirmed the innovative Pay As You Earn (PAYE) system of income tax, introduced from 1 April that year Prior to PAYE, income tax was calculated on gross earnings for the year, due for payment as a lump sum the following year. The PAYE system saw income tax deducted weekly, fortnightly, 4-weekly, monthly, or daily (if you were a shearer!) directly from the pay packets of wage and salary earners. It was a big change for both workers and employers. The Inland Revenue Department produced a separate PAYE Tax Table for each deduction period. Employers used these to calculate the amount of tax to be deducted. As well as the actual tables of earnings and deductions for each tax code, the IRD, in those pre-computer days, provided "quick methods" for calculating the tax to be deducted. AEBJ 18586 W2844 IRW2844 15 IR184 |
Date | |
Source | Secondary Employment And Deduction Tax Codes |
Author | Archives New Zealand from New Zealand |
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This image was originally posted to Flickr by Archives New Zealand at https://flickr.com/photos/35759981@N08/8743013884. It was reviewed on 17 December 2020 by FlickreviewR 2 and was confirmed to be licensed under the terms of the cc-by-2.0. |
17 December 2020
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current | 14:24, 17 December 2020 | ![]() | 3,864 × 1,188 (3.81 MB) | Eyes Roger (talk | contribs) | Transferred from Flickr via #flickr2commons |
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Software used | Adobe Photoshop CS6 (Windows) |
File change date and time | 11:19, 16 May 2013 |
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Date and time of digitizing | 22:23, 15 May 2013 |
Date metadata was last modified | 23:19, 16 May 2013 |
Unique ID of original document | xmp.did:6666CCC3E3BCE211B585AC6A7CC29F52 |
IIM version | 101 |