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Jasmin says: 24 March 2015 at 10:47 I am going to be 67 in July I earn R18000. 00 per month The Company pays my full medical aid of R3940. 00 What should my paye be for the 2015 tax year Many Thanks Jasmin |
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TaxTim says: 24 March 2015 at 13:17 Does the R18 000 include the medical or not? |
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Jasmin says: 24 March 2015 at 13:29 no the 18000.00 excludes the medical aid which is 3940.00 |
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TaxTim says: 25 March 2015 at 14:58 Assuming no other income or expenses then the PAYE will be: R3386.98 less the medical tax credit of R270 per month if you have one member only. As a taxpayer over the age of 66 you will be entitled to additional credits when you submit your return during filing season which should result in a refund. |
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Jasmin says: 25 March 2015 at 15:01 Thank you for your response- Very helpful |
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TaxTim says: 25 March 2015 at 15:05 Only a pleasure! |
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