Updated personal income tax rates and bands for PAYE, effective 01 July 2025. Previously, the progressive tax calculation was computed using tax rates 0%, 2%, 4%, 6%, 8%, 10%, 12%, 14%, 16%, 18%, and 20%. Now, the progressive tax calculation uses only 0%, 10%, and 20% as follows: | |
Updated the PAYE Calculation report in Payroll > Pay Run Management for new PAYE calculations, in compliance with tax year 2025-2026. When you upgrade Dayforce to version 2025.1.1, Patch 2 between July 02 and July 06, the new report only shows three tax rates: 0%, 10%, and 20%. | |
Added Fair Share Contribution tax authority codes which can be used as of 01 July 2025 in payroll. These codes are intended for high income earners earning more than Rs.12 million annually, in compliance with government requirements. Note: Automatic calculation will be released in an upcoming version after obtaining guidance from the MRA when the Finance Act is being enacted. |