SA Accounting Network

Accountants and tax consultants

021 785 3306

Personal Income Tax Rates For Individuals

Financial years ending 28 February 2020 :

Tax table

Taxable income:                                       Tax rate:

R 0 - R 195,850                                      -  18% above R 1

R 195,851 - R 305,850                            -  R 35,253 + 26% of taxable income above R 195,850               

R 305,851 - R 423,300                            -  R 63,853 + 31% of taxable income above R 305,850

R 423,301 - R 555,600                            -  R 100,263 + 36% of taxable income above R 423,300

R 555,601 - R 708,310                            -  R 147,891 + 39% of taxable income above R 555,600

R 708,311 - R 1,500,000                         -  R 207,448 + 41% of taxable income above R 708,310   

Above R 1,500,001                                  - R 532,041 + 45% of taxable income above R 1,500,000

Rebates

Primary rebate                                                  -  R 14,220

Secondary rebate (65 and older of age)   -  R 7,794  

Tertiary rebate (75 and older of age)          -  R 2,601

Thresholds

below 65 years of age                                      -  R 79,000

older than 65 and younger than 75            -  R 122,300

above 75 years of age                                      -  R 136,750

Medical Tax Credits

Main member of a medical aid                    - R 310

The first dependant                                         - R 310

Every additional dependant                        -  R 209