Medical Tax Credit
I am not sure if I am understanding the medical Tax Credit correctly.
I have it as:
If you belong to a medical aid (not sure if a hospital plan) also counts??? and you have 2 dependents then you can deduct from your monthly PAYE the amount of R230+R230+R154 = R614? Have I got it right?
If I pay a pension fund an amount of R450 per month is there any PAYE deduction that can be made monthly?
These deductions are not paid over by our company but the employees themselves.
Hope you can help me with this one.