Hi All,
Our company would like to implement the bursary/scholarship to our employees, they all earn less than 600 000 K per annum, some have Grade R to matric and some have University.
I know I have to put the codes 6164 and 6165 under benefits but this does not reduce the tax, do I have to set up these two transactions to affect payslip and what tax boxes must I tick when doing the set up?
We will pay the value of the bursary over to the schools.
Thank you in advance
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