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Provident fund taxable fringe benefit

Posted 30 March 2016 under Tax Questions


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TaxDumb says:
29 March 2016 at 15:50

When I captured the details of the monthly salary expense it calculated the following:
Gross salary: R16 772. 83
Included in gross salary is R1 500 provident fund contribution by the employer. Net salary calculated was R13 500. The provident fund contribution is a taxable fringe benefit from 1 March 2016, however, where was it taxed?

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TaxTimTaxTim says:
30 March 2016 at 8:53

It would be included in the R16 772.83, but then taken out again because it is allowed as a deduction.


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