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Shabnaan says: 9 June 2015 at 8:14 What amount should you get taxed on for leave payout if it is paid out separately and not with your monthly salary? Is it suppose to be taxed as a lump sum using code 3605? What law governs the tax deducted for this? would it be a SARS law or a LRA law? Please advise |
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TaxTim says: 9 June 2015 at 9:14 Leave is subject to normal PAYE and should be added to your income for that month and taxed accordingly. |
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Shabnaan says: 9 June 2015 at 9:20 my income for that month was already paid and the leave was paid after where I was advised that it was taxed using code 3605 as it was a lumpsum. Is this correct legally? |
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TaxTim says: 9 June 2015 at 10:52 Code 3605 is for an annual payment which includes leave pay that is correct. |
