Disclosing interest on the IRP6
By Marc Sevitz · Updated
If a taxpayer earns 130,000 interest in the year, does he disclose the entire amount in the taxable income section of the IRP6 or just the portion of the interest income that is taxable. I,e 130,000 less R34500 exempt portoin. I see the form only deducts the primary rebate.
You need to disclose the taxable portion only (i.e R130,000 less R34,500 - for 65 years and older)