Page 96 - Test 1 Slides - 4. Gross Income

GROSS INCOME

Exempt Income

(o)(ii) Employment outside of RSA if:

• Employee was outside RSA > 183 days

• period outside RSA includes a continuous 60 day period
• Services rendered while outside RSA

• Employer can be situated in or outside RSA

(q) Bursaries and scholarships: As long as he bursary is a bona fide award,

granted to assist the individual with their studies at a recognized
educational institution. Further:

• Bursaries to non employees will be exempt if the bursary is available publically and
are awarded on merit
• Bursaries to employees will be exempt if the employee agrees to repay the bursary if
their studies are not completed

• Bursaries to relatives of employees if the remuneration proxy of employee did not
exceed R250,000
• R10,000 for qualifications of NQF Level 1 to Level 4

• R30,000 for qualifications of NQF Level 5 to Level 10

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