|
TAXABLE INCOME |
RATES OF TAX |
|
0 – 174 550 |
18% |
|
174 551 – 272 700 |
R 31 419 + 25% over R 174 550 |
|
272 701 – 377 450 |
R 55 957 + 30% over R 272 700 |
|
377 451 – 528 000 |
R 87 382 + 35% over R 377 450 |
|
528 001 – 673 100 |
R 140 074 + 38% over R 528 000 |
|
673 101 + |
R 195 212 + 40% over R 673 101 |
TAX THRESHOLDS
|
1. |
Persons under 65 |
R 70 700 |
|
2. |
Persons 65 to 75 |
R 110 200 |
|
3. |
Persons 75 + |
R 123 350 |
TAX REBATES
|
1. |
Persons under 65 |
R 12 726 |
|
2. |
Persons 65 to 75 |
R 19 836 |
|
3. |
Persons 75 + |
R 22 203 |
MONTHLY MEDICAL AID REBATES
|
1. |
Persons under 65 |
|
R 257 |
|
2. |
Persons under 65 |
With one dependent |
R514 |
|
3. |
Persons under 65 |
With two dependents |
R 686 |
Each additional dependent qualifies for a further credit of R 172,00 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
