“taxable benefit” means a taxable benefit contemplated in paragraph 2, whether the grant of such benefit is voluntary or otherwise, but excluding –

(a)     any benefit the amount or value of which is exempt from normal tax under the provisions of section 10 of this Act;

(b)     any benefit provided by any benefit fund in respect of medical, dental and similar services, hospital services, nursing services and medicines;

(c)     any lump sum benefit payable by a benefit fund, pension fund, pension preservation fund, provident fund, or provident preservation fund being a benefit referred to in the definition of ‘benefit fund’ in section 1 of this Act or in paragraph (i) of the proviso to paragraph (c) of the definition of ‘pension fund’ in that section or in paragraph (a) of the definition of ‘provident fund’ in that section;

(d)     any benefit or privilege received by or accrued to a person contemplated in section 9(2)(g) or (h) stationed outside the Republic which is attributable to that person’s services rendered outside the Republic; or

(e)     any severance benefit.