Blog Q&A Calculators Students Logbook Contact
Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.
CLOSE
Max Tax Refund 2017

Get your tax return DONE in 10 minutes or less with TaxTim!

Try TaxTim Now

Taxable Income

Posted 28 August 2015 under Tax Q&A


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Terry says:
26 August 2015 at 18:28

Please enter your Taxable Income. This is your Gross Income minus the business-related expenses from business or rental income. Also subtract any contributions to a pension fund or retirement annuity fund, donations, depreciation and other travel allowance deduction and any exempt income. Does this mean petrol, stationery, ink rent etc.?

This entry was posted in Tax Q&A and tagged , , , , , , , , , , . Bookmark the permalink.

TaxTim TaxTim says:
27 August 2015 at 10:06

Did you earn additional income that you had these type of expenses to deduct against? Do you receive a travel allowance?

Terry says:
27 August 2015 at 12:52

I use my private car for business and pay for my own petrol. I work from home and buy all my own stationery

TaxTim TaxTim says:
28 August 2015 at 9:50

You are then able to deduct the work related expenses, so stationery for work, the office you have at home (so if the office is 10% of the overall home then 10% of the rent or 10% of the interest of the mortgage can be deducted as well as the same percentage of electricity and rates and taxes and levies). Your car and petrol, you would need to keep some records like a logbook to prove to SARS the apportionment of your travelling expenses.


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started