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3 X IRP5's, JOB CHANGES, SARS REFUND?

Posted 29 June 2015 under Tax Questions



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W geldenhusy says:
24 June 2015 at 20:29

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?


thank you so much for you time

kind regards

w

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TaxTimTaxTim says:
25 June 2015 at 15:24

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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