Difference between revisions of "Tax Rates for Individuals 2017"
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#Under 65 years of age : R23 800 | #Under 65 years of age : R23 800 | ||
#65 years and older :R34 500 | #65 years and older :R34 500 | ||
| + | |||
| + | A portion of any foreign dividend is exempt which is determined by a formula dependent upon whether the recipient is a atural person, a deceased estate or a special trust. | ||
| + | |||
[[Category:South African Normal Tax for Individuals]] | [[Category:South African Normal Tax for Individuals]] | ||
Revision as of 21:18, 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 |
Exempt Income
Taxable Interest
- Under 65 years of age : R23 800
- 65 years and older :R34 500
A portion of any foreign dividend is exempt which is determined by a formula dependent upon whether the recipient is a atural person, a deceased estate or a special trust.
