I am paying for medical aid personally on a monthly basis and I would like to know how to calculate the tax return I will get for this? Do I get any? If I get a refund will it just be for medical aid or could I apply for my gap cover as well? And then how do I claim for this? Is it too late for the 2013/14 year? Could I lump two claims together in the 2014/15 year?
My company taxes my Total Cost to Company which includes my pension fund contributions paid over. Example: CTC: R15 000
Medical Aid: 1348
UIF: 147. 80
Tax: 1592. 25
Less Tax Credit: 257
Net Salary: 10 904. 95
The full R15 000 is taxed, they list all of the above as company contributions. Is this correct?
I would like to understand the tax obligations, if any, for the following scenario and hope you will be able to assist with such. I am disabled and had to employ the services of a home based care worker to assit in my daily living activities/requirements. (since Jan 2015)
According to my understanding, such is not deemed to be a formal employment and thus would not be taxable (same as domestic workers), but I just want to make sure. Neither is UIF payable. Now for the tax question:
My salary is as follows basic of 16500, travel allowance of 4500, cell all R500, medical aid R500 & RAF R500. I did not work 2 days this month and this was deducted as unpaid leave of R1517. 24. Please advise if you are supposed to pay PAYE on unpaid leave. Thanks
I am blind in my left eye due to a motorcycle accident 17 years ago I have never claimed and my doctor knows I have no sight in this eye . I was recently told I can claim as disabled due to this condition. I am on low pay and also have to pay for my medication for a heart conditions . . I was receiving working tax credit but now I been told I have to pay for my medication . . . Can you please offer me some advice if I am able to claim for help?
Really love the website and service. Have a question regarding very old tax forms. I have been employed for around 5 years but never submitted an tax return (thus only the IRP5's). I however did contribute to an medical aid of around R1,000 per month for all these years. How far back can I go to claim these refunds?
I incorporated a company in September 2014, it has never operated since then and never filed an annual/provisional tax return, now I am in need of a tax clearance, could you kindly advise if it is permissible to file the tax return with zeros now in 2015(end of February)depicting it as the 01 provisional payment given that the company never traded and never filed a return.
If you do not pay the m/a premium nor are you the main member, can you claim out of pockets expenses that are not reflected on your year end statement from your m/a ie they have never been submitted to your m/a?
Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection pr...