Good day,
Info
We pay 50% of an employees medical aid and for a dependent the employee pays full.
Question
We have an employee (X) who was on a plan.
The payroll looked as follow
Employee /Payroll Deducted | Company Contribution |
R6,179.50 | R2,397.50 |
He then moved to a lower plan in Jun and the payroll must have looked like this
Employee / Payroll Deducted | Company Contribution |
R5,232.00 | R2,030.00 |
However the previous Payroll employee never changed it and he continued to pay the R6179.50
The amount that we pay the medical aid provider is correct it is just the deductions we take from him and our contribution that is wrong.
How do I rectify this? What is the Tax implications?