Monash University Handbook 2010 Undergraduate - Unit

Synopsis

An introduction to the principles of the taxation of individuals, including an examination of: the basic calculation of income tax; the calculation of gross income; exempt income; allowable deductions; the calculation of net normal tax payable; salaried persons - receipts; fringe benefits; salaried persons -- specific deductions; Standard Income Tax on Employees (SITE); retirement benefits and investment income and royalties; capital gains tax. The basic principles relating to the taxation of farmers is also examined.

Objectives

The learning goals associated with this unit are to:

• develop an understanding of the South African taxation system as it impacts on individuals
• develop the capacity to calculate the tax payable by individuals.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Adrian Pilley

Contact hours

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

BTW1201