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LSTW deduction refers to the Local Service Tax Withholding deduction, which is a tax mechanism used in some regions to withhold a portion of a local service tax from payments made to service providers. This deduction helps ensure compliance with local tax regulations and facilitates the collection of taxes owed to local governments. The specific rules and rates for LSTW deductions can vary by jurisdiction.

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4mo ago

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What does lstw stand for on your paycheck?

LSTW on your paycheck typically stands for "Local Service Tax Withholding." This is a tax assessed by certain municipalities or local governments, and it is typically based on your earnings and used to fund local services. The specific rate and applicability can vary depending on your location. If you have further questions about this deduction, it's best to consult your HR department or a tax professional.


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