A tax Rebate means an amount that a taxpayer is eligible to get back if his/her tax amount exceeds the accountability. A taxpayer is eligible for a tax rebate if he/she paid too much tax. For example, if your income tax is Rs. 30,000 and you have paid around Rs. 40,000 in tax. Then, in this case, you can apply for a tax rebate. How do I calculate tax rebates in South Africa? Different tax amounts are applied according to the person’s income. You can calculate your tax rebate by…
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