My tax position at the end of February 2014 after I received income from two different employers
By Marc Sevitz · Updated
From my permanent employer I received R5000.00 per month which was increased to R5500.00 per month from July 2013. My contract for this job comes to an end half way through January 2014, therefore being 10.5 months of the 2014 tax year. My employer does deduct any amount for PAYE.
From February 2013 to August 2013 (being a 6 month contract) I had a part time job (being a different employer), where I received R3000.00 per month. My employer here deducted R750.00 per month for PAYE.
My question is at the end of February 2014, would I be owing any further tax or would I be entitled to a refund from the PAYE already paid from my part time job?
Given that for the 6 months you would be earning less than the tax threshold, you will be entitled to a full tax refund of all the PAYE you have paid.
Thanks Tim, thats good news.
Just one more question, when do I apply for this refund from the PAYE that I have already paid?
Just one more question, when do I apply for this refund from the PAYE that I have already paid?
Whist doing your tax return during the 2013 tax season which runs from 1 July 2013 to 22 November 2013 for the 2013 tax year (the tax year that ends on 28 Feb 2013).