Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Medical aid and tax?

Posted 16 September 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Landa says:
16 September 2015 at 16:23

Medical aid credits, does it get deducted monthly from your payslip? Is there any tax benefit to the company by offering a medical aid and contributing towards the premium? Should the company's contribution be added onto your salary as a taxable fringe benefit?

This entry was posted in Tax Questions and tagged , , . Bookmark the permalink.

TaxTimTaxTim says:
16 September 2015 at 21:08

Yes the company contribution will be added to your taxable income as it is a fully taxable fringe benefit - the company will be able to deduct this payment as part of their normal employment costs.


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →