Page 18 - PowerPoint Presentation

Income from Employment

Medical Costs

• Taxpayers below 65 years of age (no person with a

disability)

• These medical credits will be calculated as follows:

• (i) The standard monthly medical scheme credits for the

taxpayer, spouse, and dependants; and

• (ii) 25% of the value of the amount by which the aggregate of

the medical scheme fees that exceed four times the standard

medical scheme credits, and all qualifying medical expenses

(other than medical scheme contributions), exceed 7.5% of

the taxpayer’s taxable income (excluding any retirement fund

lump sum benefit, retirement fund lump sum withdrawal

benefit and severance benefit).

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