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Bonus taxed also

Posted 5 August 2015 under Tax Questions


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Mvula says:
4 August 2015 at 17:53

Is the 13th cheque also taxed, and if so by how much?

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TaxTimTaxTim says:
4 August 2015 at 20:15

Yes, it is added to your total income and then you are taxed per the normal tax tables for individuals. i.e. it is taxed in the same way as your salary.


Mvula says:
5 August 2015 at 16:36

Are they taxing it on monthly basis, or when it's given to you?


TaxTimTaxTim says:
5 August 2015 at 17:55

It will be taxed in the month it is paid to you.


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