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Income tax legislation?

Posted 9 April 2014 under Tax Questions



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I need to know income tax legislation and criteria for deductible income tax.

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TaxTimTaxTim says:
9 April 2014 at 14:52

What is your source of income? Are you a salaried employee?


Matie says:
10 April 2014 at 7:53

I'm a salaried employee and my salary is my source of income i.e. R10500.00 pm.


TaxTimTaxTim says:
11 April 2014 at 16:17

You are able to deduct from your income, contributions to a retirement annuity fund, pension fund and an income protection fund. You are also able to deduct small asset items such as a computer which you own, but you use for work purposes. You may also claim any donations made to Charities, provided they are registered with SARS and if you can claim money against your tax owing if you contribute to a medical aid.


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