What will my PAYE be?
By Marc Sevitz · Updated
I am going to be 67 in July
I earn R18000. 00 per month
The Company pays my full medical aid of R3940. 00
What should my paye be for the 2015 tax year
Many Thanks
Jasmin
I earn R18000. 00 per month
The Company pays my full medical aid of R3940. 00
What should my paye be for the 2015 tax year
Many Thanks
Jasmin
Does the R18 000 include the medical or not?
no the 18000.00 excludes the medical aid which is 3940.00
Assuming no other income or expenses then the PAYE will be:
R3386.98 less the medical tax credit of R270 per month if you have one member only.
As a taxpayer over the age of 66 you will be entitled to additional credits when you submit your return during filing season which should result in a refund.
R3386.98 less the medical tax credit of R270 per month if you have one member only.
As a taxpayer over the age of 66 you will be entitled to additional credits when you submit your return during filing season which should result in a refund.
Thank you for your response- Very helpful
Only a pleasure!