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Tax on interest income?

Posted 6 February 2015

What is minimum amount of interest income that is non taxable. Also where is taxable interest reflected on the return?

TaxTim Marc TaxTim Marc said:
6 February 2015 at 11:35

For individuals under 65 years of age the tax free portion is R23 800 and for over 65 years of age R34 500. You would complete this under the investment income local interest section of the return.

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