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Disclosing interest on the IRP6

Posted 26 February 2016 under Tax Questions



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Jackie says:
26 February 2016 at 10:33

If a taxpayer earns 130,000 interest in the year, does he disclose the entire amount in the taxable income section of the IRP6 or just the portion of the interest income that is taxable. I,e 130,000 less R34500 exempt portoin. I see the form only deducts the primary rebate.

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TaxTimTaxTim says:
26 February 2016 at 13:59

You need to disclose the taxable portion only (i.e R130,000 less R34,500 - for 65 years and older)


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