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How much tax for R100,000 sign up bonus?

Posted 10 May 2016 under Tax Questions



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Dubus says:
9 May 2016 at 19:04

I joined a company which agreed a sign up bonus of R200 000 of which 50% (R100,000) would be paid in first month. And this sign up bonus is taxable, so how much tax would be deducted on my first payment of R100,000?

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TaxTimTaxTim says:
10 May 2016 at 9:41

It would depend on your other earnings, but please make use of our SARS income tax calculator to work out the tax owing.


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