Miss Lee says:
1 June 2015 at 6:51
How do you calculate tax on overtime?
Does the overtime out you in a higher bracket (pay higher tax percentage) for one month only if you received overtime in one month only?
e. G. Monthly income = R12650
Overtime = R4671,88
How much tax for that month?
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3 June 2015 at 6:59
Yes for that month you will be taxed at a higher rate as the PAYE is deducted based on the tax tables which are annualized. You can make use of our SARS income tax calculator to work out what the tax will be for this month.