Income Tax Act, 1962 (Act No. 58 of 1962)Notices2018 NoticesRate per Kilometre fixed under section 8(1)(b)(ii) and (iii)4. Simplified method |
Where—
| (a) | the provisions of section 8(1)(b)(iii) are applicable in respect of the recipient of an allowance or advance; and |
| (b) | no other compensation in the form of a further allowance or reimbursement (other than for parking or toll fees) is payable by the employer to that recipient, |
that rate per kilometre is, at the option of the recipient, equal to 361 cents per kilometre.