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Question:
Asked on 2010-07-07 12:57 by: Rhoda Ryder-Smit
Question category: Starting or leaving a job
Tags: salary tax calculator
What rate of tax is levied in salaries under R100000.00
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Answers:
Answered on 2010-07-07 22:42 by: liz status: Comfy ( $467 000 )
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For the current (2010/2011) tax year, you are taxed at 18% of your taxable income – if you earn less than R140 000 per year. You can download SARS’s helpful “Budget Tax Pocket Guide” from this page if you want to know more:
http://www.sars.gov.za/home.asp?pid=55410
Keep in mind that your taxable income is sometimes significantly less than your gross annual salary if you contribute to a medical aid, pension fund/RA, or certain charities (to name only a few expenses that are tax-deductibel).
To get a more accurate estimate of your salary after tax, you are welcome to download our “Calculate your salary cheque” tool from the “Tools” page of this website. URL:
http://morethanmoney.co.za/tools
http://www.sars.gov.za/home.asp?pid=55410
Keep in mind that your taxable income is sometimes significantly less than your gross annual salary if you contribute to a medical aid, pension fund/RA, or certain charities (to name only a few expenses that are tax-deductibel).
To get a more accurate estimate of your salary after tax, you are welcome to download our “Calculate your salary cheque” tool from the “Tools” page of this website. URL:
http://morethanmoney.co.za/tools
