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Patricia says: 5 July 2016 at 8:31 Dear Tax Tim I am contribution provident fund via my employer on a monthly basis. This forms part of my CTC and does not show on my IRP 5 but shows on my YTD salary report as a contribution monthly as well as on my payslip. Can I claim a tax refund from this and if so how do I do it. |
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TaxTim says: 5 July 2016 at 9:05 Your provident fund contribution should appear on your IRP5 if you pay for it via your employer - the code under deductions should be source code 4003. However there is no tax deduction for Provident Funds unfortunately, for the 2016 tax year. However, this has changed from 1 March 2016 - please read our blog on the New Retirement Fund Tax Laws |
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