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Thread: MEDICAL TAX CREDIT

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    MEDICAL TAX CREDIT

    Hi Everyone

    I am not sure about the medical tax credit. I am completing the IRP5's on Easyfile but would like to know the following:

    The PAYE total is R77619 for the year but I have deducted the MTC of R3240. The total actually deducted was then R74379.
    How must I show this on the IRP 5 please?

    Thanks that I may ask.

    Regards
    Stephanie

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    Silver Member Christel's Avatar
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    Hi Stephanie,
    You would record the total medical tax credit under code 4116 = 3240. You will record the actual paye, less the mtc under code 4102 = R74379
    remember the total medical contribution (fb & employee) must be recorded under code 4005.
    always fear when Christel is near....

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    Hi Christel

    I forgot to mention that the medical contribution was done by the Employee himself through his own bank account. So 4005 does not work. Can you please help in this regard?

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    Silver Member Christel's Avatar
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    You would still have code 4005 for the amount of the medical contribution, even though he paid it himself and although it was not a deduction.
    always fear when Christel is near....

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