Get tax savings on school or tertiary fees and related costs – For salary packages under R600 000 per annum!
The Income Tax Act, under Section 10(1)(q), allows tax payers to receive an employee benefit, from their employer, whereby the employer pays the school of tertiary fees and related costs, for schools and colleges/universities, without attracting benefit tax, but limited to: Grade R to Grade 12 or NQF level 1 – 4 ; R20 000.00 per […]