Johan Calculation of Taxable Income InstructionsIf you want a block to have a zero value, just leave it blank. All amounts should be inserted as positive amounts, even if it has to be deducted.Fill in your student number (ie 'u12345678' )Field is required!Field is required!IncomeSalaryCalculationsRemunerationIncomeField is required!Field is required!Taxable IncomeIncomeField is required!Field is required!Annual paymentIncomeField is required!Field is required!IncomeField is required!Field is required!Fringe benefit - Medical aid contributionsIncomeField is required!Field is required!IncomeField is required!Field is required!Fringe benefit - Pension fund contributionsIncomeField is required!Field is required!IncomeField is required!Field is required!DeductionsCell phone (capital allowance)ExpenseField is required!Field is required!ExpenseField is required!Field is required!Travel allowanceTravel allowance receivedIncomeField is required!Field is required!Travel allowance for remunerationIncomeField is required!Field is required!Less (assume the highest cost per km is R2.91)Enter the valueField is required!Field is required!XRandsEnter the valueField is required!Field is required!Taxable travel allowanceTaxable IncomeField is required!Field is required!Actual costWear and tearEnter the valueField is required!Field is required!Finance costEnter the valueField is required!Field is required!Service & MaintenanceEnter the valueField is required!Field is required!FuelEnter the valueField is required!Field is required!InsuranceEnter the valueField is required!Field is required!LicenceEnter the valueField is required!Field is required!FineEnter the valueField is required!Field is required!Total actual costR0Field is required!Field is required!Assume that the total actual cost = R77 060Enter the valueField is required!Field is required!R cost per km÷Enter the valueField is required!Field is required!R0.00Field is required!Field is required!Deemed CostFixed CostEnter the valueField is required!Field is required!÷Enter the valueField is required!Field is required!FuelEnter the valueField is required!Field is required!MaintenanceEnter the valueField is required!Field is required!R cost per km0.00Field is required!Field is required!Subsistence allowanceAllowance receivedLessEnter the valueField is required!Field is required!Enter the valueField is required!Field is required!0Field is required!Field is required! Actual costEnter the valueField is required!Field is required!Enter the valueField is required!Field is required!0Field is required!Field is required!Deemed costEnter the valueField is required!Field is required!Subtotal before retirement fund contributions0Field is required!Field is required!0Field is required!Field is required!Assume the following totals:R540 000R480 000Retirement fund contributions deductionTotal contributions – pension fundEnter the valueField is required!Field is required!Total contributions – retirement annuity fundEnter the valueField is required!Field is required!Total contributions0Field is required!Field is required!Limited to:LESSER of:1:Enter the valueField is required!Field is required!2: Final amount of 27.5% of the 2 amounts belowEnter the valueField is required!Field is required!Enter the valueField is required!Field is required!Enter the valueField is required!Field is required!3:Enter the valueField is required!Field is required!Therefore, lesser:Enter the valueField is required!Field is required!Deductible contributionEnter the valueField is required!Field is required!Taxable income[{"field":"{o2}","logic":"greater_than","value":"1","and_method":"or","field_and":"{o2}","logic_and":"less_than","value_and":"1","new_value":"480000"}]R0Field is required!Field is required!ASSUME THAT THE TAXABLE INCOME IS AS FOLLOWS: R465 000Tax per the tablesEnter the valueField is required!Field is required!Less primary rebateLess s6A (medical scheme) rebateEnter the valueField is required!Field is required!Amount of credit x number of persons x monthsEnter the valueField is required!Field is required!XEnter the valueField is required!Field is required!XEnter the valueField is required!Field is required!R0Field is required!Field is required!Less s6B medical credits:Enter the valueField is required!Field is required!Employee contributionsEnter the valueField is required!Field is required!Employer contributionsEnter the valueField is required!Field is required!Total contributionsR0Field is required!Field is required!LessEnter the valueField is required!Field is required!XEnter the valueField is required!Field is required!Subtotal aCalculationField is required!Field is required!Plus qualifying expenditureEnter the valueField is required!Field is required!Subtotal bR0Field is required!+{b3}+{Calculation2}Less 7.5% Taxable incomeEnter the valueField is required!Field is required!SubtotalEnter the valueField is required!Field is required!% to be deducted as a credit (if amount is positive)Enter the percentage deduction Field is required!Field is required!Employees’ taxEnter the valueField is required!Field is required!Tax payable/refundableR0Field is required!Field is required!Submit Address 1234 FX St. #1000George, WC 9422 Email hello@taxguru.co.za