Page 60 - Taxation F6 - Income From Employment
P. 60
Income from Employment
Fringe
• Medical aid contributions
• A taxable benefit arises when an employer pays medical aid contributions
for the benefit of the employee or his dependents.
• If the contributions by the employer to the medical aid for employee
cannot be determined for the individual employee the following formula
is used for the determination of the contribution to an employee:
• Total contributions/number of employees.
• No value is placed on contributions for
- A person who has retired from the employ due to age ,ill health or other
infirmity or
- Dependents of a deceased employee.
- Dependents of the former employee after his death if the employee had
retired from the employ of that employer by reason of age ,ill health or
other infirmity.
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