WebThe Pay Calculator calculates base pay rates, allowances and penalty rates (including overtime). It's the tool our Infoline advisers use to answer your enquiries. To help you find the information you need, we'd like to know if you are an employee or an employer. This will help tailor the tool to use language relevant to you. WebJul 1, 2024 · Current rate. From 1 July 2024 to 30 June 2024, the rate of interest is 9%, which is the premium rate of 8% added to the market rate of 1% per annum. Penalty tax rates. More information on how penalty tax rates apply is available in our taxation administration information or in Revenue Ruling TAA-007v4.
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WebIt is to compensate employees that are working outside their normal weekdays. The usual weekend rate is time and half (150%) of their base rate on Saturdays and double pay … WebThe current penalty interest rate was fixed by the Attorney-General under section 2 of the Penalty Interest Rate Act 1983 at 10% per annum with effect on and from 1 February 2024. A list of rates dating back to 1988 is available on the … fire fighting dragons wallpaper
Public Holiday Rates – How to Pay Staff Correctly in 2024
WebFull-time and part-time employees who don’t work on a public holiday are paid their minimum pay rate for the ordinary hours they would usually work on that day. Some employees working on a public holiday must be paid a penalty rate (penalty rate). This is higher than their minimum pay rate. Public holidays during other leave WebCalculating penalty rates. The penalty rates that you or your employees are entitled to will depend on the award that applies. Use our Pay and Conditions Tool to calculate penalty rates in your industry. You can also check out our downloadable pay guides for common … http://calculate.fairwork.gov.au/FindYourAward eternals movie sinhala sub