The rates of tax in respect of the 2014/2015 tax year are set out in the new tax tables below.
|
Taxable Income (R): |
Rates of Tax: |
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|
0 – 174,550 |
18% of taxable income |
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|
174,551 – 272,700 |
R31,419 + 25% of taxable income above R174,550 |
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|
272,701 – 377,450 |
R55,957+ 30% of taxable income above R272,700 |
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|
377,451 – 528,000 |
R87,382 + 35% of taxable income above R377,450 |
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|
528,001 – 673,100 |
R140,074 + 38% of taxable income above R528,000 |
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|
673,101 and above |
R195,212 + 40% of taxable income above R673,100 |
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|
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|
Monthly Medical Aid Tax Credits |
Value |
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|
Principal member |
R257 |
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|
First dependent |
R257 |
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|
Each additional dependent |
R172 |
For an outline of the changes in the rates of tax as announced in the 2014 Budget Speech, download our tax guide.