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Medical Tax Credit?
Posted 26 June 2013
Hi Team, My Total medical aid contribution for myself and 2 depandants is R2072. My company pays R1211 and I pay R674 deducted from my salary and I receive a R230 med aid tax credit. Is the R230 the correct amount for 2 depandants? and can I claim back the R674 that I pay from salary every month?
TaxTimsays: 26 June 2013 at 11:35
The monthly credit for yourself and 2 extra members should be R230 + R230 + R154 for the previous tax year. Speak to your company and ask them why they only included 1 member.