Getting to Know Your PAYG Summary
PAYG stands for Pay-As-You Go, which is a payment summary form that your employer prepares at the end of the fiscal year. Your PAYG summary is as vital to lodging tax returns as your TFN. It shows financial information like your income, tax, and superannuation. Your employer is obligated to give you a copy of your PAYG summary, as it is one of your requirements when you file your taxreturns.
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