Colin is $65$ years old. He is married to Rebecca. Rebecca is $55$ years old. During the current year of assessment Colin earned

salary from employer of R$835000$

$$ interest on savings account with local bank of R$40000$

interest on a tax$-$free investment account with a South African bank of R$3000$

$$ dividends from a South African company of R$12000$

During the current year of assessment Rebecca earned the following income:

$$ local dividends of R$60000$

Colin's Employees' tax deducted from his salary is R$223328.$ Colin and Rebecca are married in community of property. YOU ARE REQUIRED to calculate the total amount that will be exempt $($include tax free investment in your answer$)$ from Colin's taxable income during the current year o$f$ assessment