|
TAXABLE INCOME |
RATES OF TAX |
|
0 – 165 600 |
18% |
|
165 601 – 258 750 |
R 29 808 + 25% over R 165 601 |
|
258 751 – 358 110 |
R 53 096 + 30% over R 258 750 |
|
358 111 – 500 940 |
R 82 904 + 35% over R 358 110 |
|
500 941 – 638 600 |
R 132 894 + 38% over R 500 940 |
|
638 601 + |
R 185 205 + 40% over R638 600 |
TAX THRESHOLDS
|
1. |
Persons under 65 |
R 67 111 |
|
2. |
Persons 65 to 75 |
R 104 611 |
|
3. |
Persons 75 + |
R 117 111 |
TAX REBATES
|
1. |
Persons under 65 |
R 12 080 |
|
2. |
Persons 65 to 75 |
R 18 830 |
|
3. |
Persons 75 + |
R 21 080 |
MONTHLY MEDICAL AID REBATES
|
1. |
Persons under 65 |
|
R 242 |
|
2. |
Persons under 65 |
With one dependent |
R 484 |
|
3. |
Persons under 65 |
With two dependents |
R 646 |
Each additional dependent qualifies for a further credit of R 162,00 per month.
EXEMPTIONS
- Local Dividends Received
- Local Interest Received
- Under 65 years R 23 800
- Over 65 years R 34 500
- UIF benefits
- Road Accident payouts
