Fringe Benefit Tax Calculator - COE Calculator (V2.1)

Fringe Benefit Tax Calculator (Only applicable for benefit greater than 75%)

Calculation

Total Tuition

Quarters Approved

Total Tuition Tax is Calculated on based on quarters approved (Note 1)

Total Benefit % (Note 2)

Fringe Benefit Tax %

Fringe Benefit Amount

Marginal Tax rates (Note 3)

Approximate Annual Fringe Benefit Tax amount (will be deducted equally over September - December)

18%

26%

31%

36%

39%

41%

45%

Note 1 :
Quarters approved: If appointed for a full-year 4 quarters would be approved, however staff tuition rates may apply on a pro-rata basis (approved in quarters), where you are not employed for the full year. For example, if you are employed for 1-5 months of the year: 1 quarter will be approved, 6-8 months of the year: 2 quarters will be approved, 9-11 months of the year: 3 quarters will be approved.

Note 2 :
Total Benefit %: Kindly refer to the policy to determine which Benefit % you qualify for: Staff tuition rates | Human Resources (uct.ac.za)

Note 3 :
Marginal Tax Rates: Kindly refer to your payslip to determine what your marginal tax rate is. Kindly note this can change based on changes to income