FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


What is the tax on my December bonus?

Posted 2 September 2014

What would the tax implication be on a bonus in December? My salary is R4950 pm.

TaxTim TaxTim says:
2 September 2014 at 13:13

How much is your bonus?

Tams says:
2 September 2014 at 13:28

Bonus is same as salary R4950 payable in December.

Regards

TaxTim TaxTim says:
2 September 2014 at 13:51

There will not be any tax on this amount as you still fall below the Tax Threshold of R70700.

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




Submit your tax return right here!

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

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.