Georgio Arani, aged 40 years, is a person with a “disability” as defined in section 6A. He earned an annual salary from Wheelchair (Pty) Ltd of R208 000. His contributed 5% of his salary towards a pension fund. His remuneration is R208 000. YOU ARE REQUIRED to calculate Georgio’s retirement fund deduction which he will be allowed to deduct from his taxable income for the current year of assessment.a.R208 000b.R0c.R57 200d.R10 400

Anthony is 58 years old. During the current year of assessment, he earned a salary R544 000. He contributed R67 000 to a provident fund. Antony and his employer contributed R62 000 each to his pension fund. You may assume that his remuneration is R626 400.YOU ARE REQUIRED to determine the retirement fund contribution deduction which he will be allowed to deduct from his taxable income for the current year of assessment.a.R62 000b.R129 000c.R169 128d.R67 000

Samantha Sithole is 37 years. She belongs to a medical fund and makes monthly contributions to this fund in respect of herself, her spouse (a dependant) and two children (both dependants). She paid R25 000 to the medical scheme during the current year of assessment and she also incurred and paid for qualifying medical expenses of R15 000 during this year. Her taxable income is correctly calculated as R299 300. None of the members registered in the medical scheme has been diagnosed as a person with disability as defined by a registered medical practitioner in accordance with the criteria prescribed by the Commissioner. YOU ARE REQUIRED to calculate the medical scheme fees tax credit for the current year of assessment.a.R4 995b.R14 640c.R10 252d.R0

Ngwenya (Pty) Ltd has a 29 February 2024 year end. The company made the following payments during the 2024 year of assessment:1) R50 000 annual annuity for life to Mrs Zikalala, a dependant of a former employee, Mr Zikalala, who retired due to old age in 2021.2) R40 000 annual annuity for life to a former employee, Mrs Swarts who retired after being diagnosed with a terminal illness.Calculate the amount that is deductible for the 2024 year of assessment

Mr. Murthy retired from bank on 31.03.21. He gives the following particulars of his income earned during the previous year : Rs. (a) Salary (after deducting tax on employment Rs. 2,000 and income tax Rs. 12,000) ... (b) Own contribution to recognised pension fund (c) Pension (d) Club bills paid by employer (e) Share of profit from a partnership firm (f) Share of profit from a HUF in which he is a member (g) Amount received as interest on Government securities ... ... ... ... ... ... 1,80,000 8,000 25,000 6,000 50,000 75,000 1,10,000 (h) Rent received from house property (i) (j) Municipal tax due on house property Long term capital gains ... ... ... 33,000 3,000 2,40,000 (k) Received winning from lottery of Government of Kerala ... 1,40,000 Compute total income and tax payable for the Assessment Year 2021-22 step by step

Andrew is 48 years old. He earned a salary of R380 000, a bonus of R60 000. He contributes 5% of his salary and bonus to a retirement fund. His employer also contributed 5% of his salary and bonus. You may assume that his remuneration is R504 000. YOU ARE REQUIRED to determine the retirement fund contribution deduction which he will be allowed to deduct from his taxable income for the current year of assessment.a.R22 000b.R145 475c.R44 000d.R138 600