WebTotal guaranteed package approach (also called “total cost to company”) – the organisation offers a total package (say R20 000 per month), may enforce some compulsory benefits … WebGeneral information: You as a Project Engineer, will be part of Grid Automation business based in Modderfontein, South Africa. Reporting to the Technical Lead: Telecommunications, you are responsible for acting as an engineer design authority for telecommunication projects on assignments classified as low engineering complexity. …

Food for Thought on Subsistence Allowances TaxTim Blog SA

Webdetermined is reduced by the lesser of the cost to the employer of all awarded to th Paragraphs 5 (2), 6(4), 10(2) of the Seventh Schedule Paragraph (c) of the definition of gross income • Where assets are presented to the employee as an award for long service, the value such assets so e relevant employee during the tax year and R5 000. WebSep 25, 2015 · Ongoing & Administration Costs. Ongoing Costs include electricity, business insurance, stationery, general office supplies as well as the small things such … my security certificate doesn\u0027t have a key

Video Why you need to understand pensionable salary vs CTC

WebThe ‘total cost to company’ basis of remuneration (otherwise known as CTC), whilst not a new concept, is taking hold in South Africa. Initially, only bigger companies used this approach to remunerate staff but over the past 5 years, I have noticed that its use had spread to most companies who operate recognized payroll systems. Websubsistence and incidental costs (for example, drinks, lunch, parking). Section 8(1)(c) of the Income Tax Act prescribes that the employee shall be deemed to have actually expended a certain amount (daily expenses in respect of meals and/or incidentals costs) where the employee is absent from his/her usual place of residence. WebCost to company is our gross salary before deductions. Pensionable salary is a different number: a percentage of our cost to company, to which our monthly contribution rate is applied. Now, when it comes to the distinction between these two, and this lever in particular, the answer is quite simple. There’s a right number and a wrong number. my security cameras stopped working