are bursaries taxable
* If the employee earns more than R100 000 annually, all bursaries or scholarships are taxable. âTo calculate the R100 000 limit, the entire income amount must be used and must not be 'fourth schedule remuneration'.For example, the income must also include the employee's full travel allowance.Open bursaries are not taxable and provide a positive way for companies to make a difference to the South African skills shortage by providing the means for individuals who are not currently employed to gain qualifications and skills,â says Cooper.