FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply
How do you currently do your tax?
SARS eFiling New to tax Tax Practitioner Auto-assessment TaxTim


I worked for 6 months only and am 90 yrs of age how do they calculate the"equivalent rate?

Posted 26 June 2013

for income tax purposes how is an equivalent rate calculated if a person only works for6 months of the tax year

TaxTim Marc TaxTim Marc said:
26 June 2013 at 21:12

Each month your PAYE is calculated as if that month's income was earned each month for a full year. The total tax owing is then divided by 12. So if you only worked half a year you will be entitled to a refund when you submit your tax return.

Refund Calculator

Demmis said:
26 June 2013 at 21:14

Thanks Tim very kind of you.
regards

TaxTim Marc TaxTim Marc said:
26 June 2013 at 21:25

Only a pleasure!

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.




Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.