What is the amount that I will receive for medical tax credits?

If I receive R12350 CTC per month, and I pay a hospital plan of R1200 per month, can I get a tax credit?R500 for myself, R700 for two dependants.

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

TaxTim TaxTim says:
18 January 2013 at 20:40

You will receive a credit of 2x R230 and 1x R154 per month for you and your two dependents.

Submit your tax return right here!

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 →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.