What is PAY AS YOU EARN (PAYE)?

A method of paying tax in which an employer must deduct income tax on his employees. Should be deposited after 14 days of collection.

More On This Topic



Link to This Definition
Did you find this definition of PAY AS YOU EARN (PAYE) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary