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Is leave payout taxable?

Posted 31 March 2016

G.K.Sankaran says:
31 March 2016 at 16:31

This is regarding Leave Encashment. Is it taxable in South Africa? If yes, what is the percentage of tax deduction? If it is taxable, how can we get a refund?

TaxTim TaxTim says:
31 March 2016 at 16:42

Yes, this will be added to your normal income and taxed as per the normal tax tables.

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