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Tax difference on bonuses?

Posted 3 February 2014 under Tax Q&A


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how does my tax work on my annual bonus. I earn R7500 p/m and pay R343.34 in tax why when I get a 13 cheques does my tax go up to R1693.33.

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TaxTim TaxTim says:
3 February 2014 at 18:59

Your bonus is taxed at your marginal rate of tax, that is the bracket that you pay the most which in your case is 18%. However when you submit your tax return you will most likely get a refund as the tax paid was too much.


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Do your
Tax Return in
20 minutes
or less!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started