Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

How much tax is required if you earn R17500 per month

Posted 5 October 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Tendai says:
5 October 2015 at 17:40

What is tax figure if you earn R17500 monthly and you contributing R810 provident fund

This entry was posted in Tax Questions and tagged , , , , , , . Bookmark the permalink.

TaxTimTaxTim says:
5 October 2015 at 18:52

Please make use of our SARS income tax calculator to work out the tax you would pay on your monthly salary.


Tendai says:
5 October 2015 at 19:23

my boss is deducting R2435.72 and your calculator showing R457,so iam confused now


TaxTimTaxTim says:
5 October 2015 at 19:39

I copy and paste results using our calculator on a monthly salary of R17,500:(tax and UIF = R2,232.58 R148,72):

Taxable income = Annual gross salary - Pension Fund contribution (highest of either 7.5% of salary, or R1 750) - 20% of travel allowance
(You are taxed on 80% of the travel allowance in your Gross salary, so we subtract 20% for the calculation of Taxable income.)
Taxable income = R 210,000.00 - R 0.00 - R 0.00
Taxable income for the year: R 210,000.00
Tax you will pay / PAYE (Pay As You Earn) for your age group and income bracket: R 2,232.58 (as per PAYE tables provided by SARS)
Take home pay = Gross salary - PAYE - UIF
(UIF / Unemployment Insurance Fund is levied at 1% of your gross income, at most R148.72/month.)
Take home pay = R 17,500.00 - R 2,232.58 - R 148.72
Take home pay: R 15,118.70 per month :)


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →