Non-taxable overtime
$50,000tax-free each month
The first GYD $50,000 of overtime each month is exempt from PAYE. Mintage Payroll splits every overtime payment into its tax-free and taxable parts, so only the excess is taxed.
- Weekly, fortnightly and bimonthly runs track the limit across the whole month
- Capped at GYD $600,000 for the year, as GRA requires
- Carried through to GRA Form 2A, Form 7B and PAYE online filings