Tax Brackets 2024 South Africa Sars. Stay ahead of the curve with tax updates from pkf. Which tax year would you like to calculate? South africa uses a progressive tax system, where higher income levels are taxed at higher rates.
Add r26,254 (under 65), r25,891 (65 to 74) or r25,770 (over 75) to the result of [45% x (actual fortnightly remuneration less r74,615)]. 2022 tax year is 1.
For The 2023/24 Tax Year, The Tax Brackets Are.
42,678 + 26% of taxable income above 237,100.
The Table Below Shows The Personal Income Tax Rates For 2024/25, As Well As The Rebates And Thresholds.
Taxable income (r) rates of tax.
Images References :
On Or After 31 March 2024:
Use our online income tax calculator designed for individuals to help you work out your estimated monthly take.
Which Tax Year Would You Like To Calculate?
2022 tax year is 1.