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How much tax do I pay on a gross salary of R75 000?

Posted 18 November 2014 under Tax Questions



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I want to know how much tax I should pay on a gross salary of 75 000 ZAR per month? I checked the SARS calculation table and I do not understand how to do it. The maximum salary they have down is R63,763.00.
There is a note that says:" If the table is inadequate: Add R18,256 (under 65), R17,663 or R17,466 (over 75) to the result of [40% X (actual annual remuneration less R63,713]. Apply rounding to the end result by disregarding the cents."

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TaxTimTaxTim says:
19 November 2014 at 9:10

That is a very complicated formula and actually is outdated by 2 years. You can make use of our SARS income tax calculator to calculate the taxes payable.


Wani says:
19 November 2014 at 9:51

Thank you very much!! Much appreciated


TaxTimTaxTim says:
19 November 2014 at 22:36

Only a pleasure!


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