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How much tax for my bonus

Posted 16 November 2015

Thembi says:
16 November 2015 at 20:06

If I'm getting a bonus at the end of the year that is on December from my company I'm working. How is my bonus tax calculated. Like my monthly gross is R7042. 35. And my bonus is same amount as my net salary R6809. 05. How my bonus be taxed?

TaxTim TaxTim says:
16 November 2015 at 23:17

Your total income for the year will be worked out with and without the bonus, the difference in tax between the two will be the tax on the bonus.

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