Ngwenya (Pty) Ltd contributes to a provident fund for the benefit of its employees. Contributions amounting to R24 000 000 were paid to the fund during the
28 February 2025 year of assessment.
How much is deductible for tax purposes by Ngwenya (Pty) Ltd for the 2025 year of assessment?

Question

Ngwenya (Pty) Ltd contributes to a provident fund for the benefit of its employees. Contributions amounting to R24 000 000 were paid to the fund during the  
 28 February 2025 year of assessment.
How much is deductible for tax purposes by Ngwenya (Pty) Ltd for the 2025 year of assessment?

Accepted Answer

R24 000 000

Answer

R 24 000 000 x 27,5% equals R6 600 000

Answer

R 24 000 000 x 20% equals R4 800 000

Answer

R 24 000 000 x 10% equals R2 400 000

Crowdly

Ngwenya (Pty) Ltd contributes to a provident fund for the benefit of its employe...

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