Employees can now have some money paid to EcoCash and the rest to a bank transfer

Payrite uses the FDS method, as recommended by Zimra, to calculate the PAYE for all staff that have only worked for the given company since the start of the current Tax Year.

The FDS system assumes that the employee will earn the same regular salary and allowances (CG) as paid in the current pay period for the remainder of the year. CG is multiplied by the number of pay periods remaining in a given year to give an expected extra (EE) income this year. The total of these 2 figures is the Expected Income (EI) for the year.

The forecast PAYE for the year is calculated using the Tax Bands (see below) and the Year to Date (YTD) PAYE paid so far is deducted from this figure to give the expected Extra PAYE (EP)

EP is then divided by the remaining number of pay periods to give the PAYE amount to be deducted this period. See Sample PAYE Calculation screen below

Payrite has a Final FDS Run for the last period of the year when the PAYE is equal to EP meaning that no PAYE will be due or payable after this December Pay Run.

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Head Office - Harare

37 Victoria Drive, Newlands
Harare

Postal Address
P O Box HG 597 - Highlands - Harare

Telephone
(263 - 4) 782-726/27; 0712-408-439

Accounts
barbara@softrite.co.zw

Support
jackie@softrite.co.zw

Mike Garden
mikeg@softrite.co.zw

Bulawayo Branch

8 Silver Oaks
Cnr 14th Ave & J. Tongogara Street
Bulawayo

Postal Address
P O Box FM655, Famona - Bulawayo

Telephone
(263 - 9) 77470 / 886413 / 74357

Manageress
Mrs Vicky Tongoona
vickyt@softrite.co.zw

Support
softbyo@softrite.co.zw

Mutare Office

Henning Lock, Winston House
1st Ave/ 2nd St- Mutare

Telephone

0773-068-278

Support
fingerprint@softrite.co.zw

Gweru Office

Mrs Carole Spreeth 33 Josiah Tongogara Street, Gweru

Telephone
0712-207-034

carolespreeth@gmail.com

Support
Pettie Nyanhongo

Telephone
0775 125715

bcservicespayroll@gmail.com