Hi pmehta, this question does come up from time to time. Please have a read through this at let me know if you find this helpful.
Negative amount shows that there is tax overpayment. The most common causes of this are:
- Incorrectly tax rate.
- You've deleted a paycheck after the tax payment was approved for the payroll period.
- Incorrect reconciliation of historical taxes.
- A duplicate tax payment was made.
The steps you need to follow depends on the reason of the overpayment. You can check out these articles for more details:
That should get you on the right track :)
