Chapter 3 of the South African income tax law covers the determination of taxable income for individuals. It includes various provisions relating to the calculation of income, deductions, exemptions, and credits that can be claimed to arrive at the final taxable income amount. This chapter also outlines the various types of income that are subject to tax, such as employment income, rental income, business income, investment income, and capital gains. It provides rules and guidelines for individuals to accurately report their income and claim any eligible deductions to reduce their tax liability. Additionally, Chapter 3 may also include information on compliance requirements, penalties for non-compliance, and procedures for filing tax returns.
