Income Tax Act, 1962 (Act No. 58 of 1962)
Rate per Kilometre fixed under section 8(1)(b)(ii) and (iii)
4. Simplified method
|(a)||the provisions of section 8(1)(b)(iii) are applicable in respect of the recipient of an allowance or advance; and|
|(b)||no other compensation in the form of a further allowance or reimbursement (other than for parking or toll fees) is payable by the employer to that recipient,|
that rate per kilometre is, at the option of the recipient, equal to 361 cents per kilometre.
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