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E-filing says: 17 August 2015 at 11:06 If I only worked 6 months of a 12 year tax period, should my final tax bracket be based on actual taxable income for the year (e. G. R200k taxable income for 6 months at 25% marginal) or at what the tax bracket would have been, had I earned that salary for 12 months, which would have been R400k (i. E. At 35% marginal)? I paid PAYE on the basis that I earned that salary for a full year (higher tax bracket), multiplied by 6 month/ 12 months. Therefore I feel I have overpaid when I look at my taxable income (only 6 months worth) over the whole tax year. Thanks. |
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TaxTim says: 17 August 2015 at 16:52 You would pay on the total income earned and not on what you would have earned. Please make use of our SARS income tax calculator to work out what your tax should be. |
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