Difference between revisions of "Tax Rate for Individuals"

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(Tax Rates for Individuals)
 
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'''Tax Year 2018'''
+
'''1 March 2016 to 28 February 2017'''
 
{|
 
{|
 
! style="text-align:left;"| Band
 
! style="text-align:left;"| Band
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! Percentage
 
! Percentage
 
|-
 
|-
−
|Orange
+
|R0 to R188 000 -->
−
|10
+
|0 plus
−
|7.00
+
|18% of taxable income
 
|-
 
|-
−
|Bread
+
|R188 000 to R293 600 -->
−
|4
+
|R33 840 plus
−
|3.00
+
|26% of taxable income above R188 000
 
|-
 
|-
−
|Butter
+
|R293 601 to R406 400 -->
−
|1
+
|R61 296 plus
−
|5.00
+
|31% of taxable income above R293 600
 +
|-
 +
|R406 401 to R550 100 -->
 +
|R96 264 plus
 +
|36% of taxable income above R406 400
 +
|-
 +
|R550 101 to R701 300 -->
 +
|R147 996 plus
 +
|39% of taxable income above R550 100
 +
|-
 +
|R701 301 and above -->
 +
|R206 964 plus
 +
|41% of taxable income above R701 300
 
|-
 
|-
−
!Total
 
−
|
 
−
|15.00
 
 
|}
 
|}

Latest revision as of 10:13, 4 July 2018

1 March 2016 to 28 February 2017

Band Base Percentage
R0 to R188 000 --> 0 plus 18% of taxable income
R188 000 to R293 600 --> R33 840 plus 26% of taxable income above R188 000
R293 601 to R406 400 --> R61 296 plus 31% of taxable income above R293 600
R406 401 to R550 100 --> R96 264 plus 36% of taxable income above R406 400
R550 101 to R701 300 --> R147 996 plus 39% of taxable income above R550 100
R701 301 and above --> R206 964 plus 41% of taxable income above R701 300
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