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Victus says: 7 October 2015 at 12:48 Please assist with these calculations: I earn 31650 pm = 379800 pa (no other benefits). On resignation an amount of R14240. 31 was due to me for leave days. A further bonus amount of R28 485 was to be paid plus R 1360 for travel claim. My payslip reflects a PAYE amount of R20691. 76. Is this correct? I think the employer got it wrong. |
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TaxTim says: 7 October 2015 at 17:13 Please make use of our SARS income tax calculator to work out the PAYE due. |
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TaxTim says: 7 October 2015 at 17:18 Your final salary is annualised and taxed in a higher tax bracket. You need to complete a Tax Return for the year in order to reclaim any tax you may have overpaid. |
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Victus says: 7 October 2015 at 18:26 Thanks for your help! Just to confirm, does the annualized final salary include all amounts paid on the last month such as leave days, bonus and the last travel claim? |
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TaxTim says: 8 October 2015 at 15:21 It will include leave days and bonus. |
