If your actual salary is R10 000 then your nett amount will be the following:
Taxable income for the year: R 120000 Tax you will pay / PAYE (Pay As You Earn) for your age group and income bracket: R 793.33 (as per PAYE tables provided by SARS) Take home pay = Gross salary - PAYE - UIF (UIF / Unemployment Insurance Fund is levied at 1% of your taxable income, at most R148.72/month.) Take home pay = R 10000 - R 793.33 - R 100 Take home pay: R 9106.67 per month :)
Try our handy calculator in future to work out your after tax income. Income Tax Calculator
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