What is PAYG (Pay-as-you-go-tax) (Australia edition)

Today we go through an example payslip and the deduction included in your Pay as you go (PAYG) deductions including tax-free threshold, HELP debt repayment rates etc.

We will have a look at the different elements, please feel free to provide feedback in the comments below

[SathonesRaga]

I am from India and work for an Australian bank. This video helped to understand PAYG. Thank you for this good video.

[le]

I have a HELP loan, my taxable salary is 50, 000 per anum, however the Deduction in my payslip is as following:
PAYG
Study and training support loan
Extra tax.
Now I understand the PAYG and study loan but what the extra tax is??

[rebel_]

Enter the gross amount from your PAYG payment summary
What exactly i have to enter in this column gross income with tax upto end of financial year?

[bosshogg]

i have 2 jobs, one does the taxes for me, another one is sub contracted.... on the MY GOV thing do you put the gross income for first job or just the sub contracted job for PAYG?

Ta

[stephaniefisher]

Whilst your video is good you miss quoted the TAX Free threshold, it is AUD$18, 200.00. I was hoping you would say what item number the PAYGO Amount gets put into on the tax return form