Page 17 - Additional Notes on Employees Tax

Solution

 To calculate “T” : Balance of remuneration iro the

year ending 28 Feb 2014:

 Salary 300 000

 Less: 11(5) (less than limits) (25 000)

 Balance of remuneration 275 000

 Add: 20% x 275 000 55 000

330 000

 Formula: Y=T/N

= 330 000 / 12

Deemed remuneration = 27 500 / month

Calculate employee tax there on (R27 500 x 12 )…

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