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PAYE penalty calculation

Posted 9 March 2016 under Tax Q&A

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Karia says:
9 March 2016 at 14:13

How do I calculate interest on penalty for PAYE? the amount is R1,856.18 and it is 2 days late.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Rental Income, Penalties. Bookmark the permalink.

TaxTim says:
9 March 2016 at 14:38

SARS will calculate the interest for you - you can pull a Statement of Account for PAYE and then it will reflect.

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Blog Categories

Salary / IRP5 (4,670 posts)
Independent Contractor (972 posts)
Provisional Tax (636 posts)
Medical (959 posts)
Capital Gains (403 posts)
Donations (242 posts)
Deductions (3,767 posts)
Commission (1,037 posts)
Rental Income (952 posts)
Retirement (1,026 posts)
Dividends (1,024 posts)
Depreciation / Wear and Tear (345 posts)
Penalties (765 posts)
Travel Allowance (755 posts)
Audit / Verification (2,630 posts)
Tax Threshold (494 posts)
Foreign employment income (197 posts)
SARS & eFiling (2,076 posts)
PAYE & UIF (17 posts)
Source Code (1 posts)
Financial Literacy Series (1 posts)

Get FREE Help with your Tax Return today from

TaxTim's award-winning tax return services are now free to all Momentum policyholders and Multiply clients:

Do Your Tax Return Easily

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Maximise your refund

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