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What do 4474 and 4116 mean on my IRP5?

Posted 25 July 2013

What do the following codes mean on my IRP5? 4474, 4116

TaxTim TaxTim says:
31 July 2013 at 23:38

4474 is the employer's contribution to medical aid as part of you salary package or on your behalf.
4116 is the medical aid credit against taxes owed based on your contribution to medical aids. See more about medical tax credits here.

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