The tax rates for the 2024 tax year, starting on 1st March 2023 and ending on 28th February 2024 are:
|
Taxable income (R) |
Rates of tax (R) |
|
1 – 237 100 |
18% of taxable income |
|
237 101 – 370 500 |
42 678 + 26% of taxable income above 237 100 |
|
370 501 – 512 800 |
77 362 + 31% of taxable income above 370 500 |
|
512 801 – 673 000 |
121 475 + 36% of taxable income above 512 800 |
|
673 001 – 857 900 |
179 147 + 39% of taxable income above 673 000 |
|
857 901 – 1 817 000 |
251 258 + 41% of taxable income above 857 900 |
|
1 817 001 and above |
644 489 + 45% of taxable income above 1 817 000 |
Primary (Up to 65 years of age) – R 17 235;
Secondary (65 to 75 years of age) – R 9 444; and
Tertiary (75 years and older) – R 3 145
For the taxpayer; or for a dependant who is a member of a medical scheme or fund, where the taxpayer him- or herself is not a member of a medical scheme or fund – R 364 per month;
For the taxpayer and one dependant; or in respect of two dependants where the taxpayer him- or herself is not a member of a medical scheme or fund – R 728 per month; and
For each additional dependant – R 246 per month.