“monthly remuneration”–

(a)     where an employer employs and pays remuneration to a qualifying employee for at least 160 hours in a month, means the amount paid or payable to the qualifying employee by the employer in respect of a month; or;

(b)     where the employer employs a qualifying employee and pays remuneration to that employee for less than 160 hours in a month, means an amount calculated in terms of section 7(5):

Provided that in determining the remuneration paid or payable, an amount other than a cash payment to the employee after adding back deductions in terms of section 34(1)(b) of the Basic Conditions of Employment Act, 1997 (Act 75 of 1997), must be disregarded;

[Definition of “monthly remuneration” substituted by section 112(1) of Act 43 of 2014, amended by section 93(1) of Act 15 of 2016, substituted by section 2(1)(a)-(d) of Act 13 of 2020 and by section 58(1)(b) of Act 20 of 2021 and amended by section 56(1) of Act 42 of 2024 effective on 1 March, 2025 and applicable in respect of years of assessment commencing on or after that date]