I have received my vacation pay, but a large amount of tax has been deducted. How is this possible?

Modified on Wed, 20 Mar 2024 at 04:27 PM

"Unfortunately, a significant amount of tax needs to be paid on vacation pay. The percentage of tax to be paid on vacation pay is calculated based on your gross annual income. You can find your gross annual salary and the corresponding tax percentage at the bottom of your payslip."

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