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Question 3 Avesh Singh is resident of the Republic and she is 50 years old. She resigned from her employment on 30 September

Please find the Appendix below

APPENDIX TAXATION TABLES AND RATES Individuals and special trusts 1 March 2020 to 28 February 2020 Taxable income (R) Rates o

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Answer #1

Lum Sum Amount received 100000

Less: Rebate -14067

Less: Medical expense (310*12) -3720

Taxable Income=   82213

Tax on above Upto 25000 Nil

For Next 57213 @18% = R 10298.34

Therefore Taxpayable on Current Lumpsum is R 10298.34

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