If an employee's monthly remuneration places the employee in the R2001 - R4000 range for ETI. If that same employee works overtime and as a result earns more than R4000. How will the ETI be calculated?

 

The calculation of ETI is determined per qualifying employee at the end of each month.  This means that the incentive amount may not remain fixed per qualifying employee where the employee earns additional payments, such as overtime.  At the end of the specific month, the employer must calculate the total monthly remuneration paid to the qualifying employee and thereafter determine the amount of the incentive to be claimed.

Last Updated: 13/05/2014 10:54 AM     print this page
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