Difference between revisions of "Tax Rates for Individuals 2017"
| Line 37: | Line 37: | ||
|- | |- | ||
|Under 65 years of age | |Under 65 years of age | ||
| − | | R75 000 | + | |style="text-align:right;" | R75 000 |
|- | |- | ||
|From 65 to 74 years of age | |From 65 to 74 years of age | ||
| − | | R116 150 | + | | style="text-align:right;" | R116 150 |
|- | |- | ||
|Over 74 years of age | |Over 74 years of age | ||
| − | | R129 850 | + | | style="text-align:right;" | R129 850 |
|} | |} | ||
==Tax Rebates== | ==Tax Rebates== | ||
Revision as of 12:41, 5 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 |
Tax threshold
Income below which no tax is paid:
| Band | Threshold |
|---|---|
| Under 65 years of age | R75 000 |
| From 65 to 74 years of age | R116 150 |
| Over 74 years of age | R129 850 |
Tax Rebates
| Primary Rebate for Individuals - R13 500 |
| Secondary Rebate - Persons over 65 years of age - R7 407 |
| Tertiary Rebate - Persons over 75 years of age - R2 466 |
