So I have been reading up on this and I would just like to confirm my understanding about the tax implications regarding a bursary paid to employee for studies.
The bursary is exempt income in the hands of the employee receiving the bursary (section 10(1)(q)). So no tax is payable by the employee on the amount received.
But, what I am not 100% sure of is whether the bursary is tax deductible in the hands of the employer paying the bursary?
Please comment. Thanks!