I have resigned from a job "A" and started a new job at "B", things did not work out as planned at "B" and I ended up returning to my old job at "A" after 6 months, I now have 3 IRP5's for tax year 14/15. Does SARS combine all (gross non retirement income) and (paye) tax from all 3 IRP5's and calculate a return amount from the totals. In other words " reflects on IRP5 non retirement income paye paid
JOB A 1 R 47500. 00 R 7812. 30 JOB B 2 R 123. 475. 00 R 22546. 25 JOB A 3 R 121. 888. 00 R 22. 355. 55 ____________ __________
TOTAL R 292. 863. 00 R 52. 714. 10
The above totals are then used for calculation together with rebates, medical credits, etc. To establish a refund. . . ?
What would the result be in regards to job changes and will it effect this type of return?
You can make use of our Tax refund calculator to work out if you are due a refund or owe tax to SARS. They would add up all your incomes from your all your employers and see what your total income is and the tax accordingly.
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