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Posted 19 July 2013 under Tax Questions



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I would like to ask you a question. I started working December 2012 and only worked 3 months this tax year. I earned R25000 a month. A lot of my friends said we will get most of the tax paid back for those 3 months because we just started working. Is that true or not? Please can you explain it to me?

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TaxTimTaxTim says:
21 July 2013 at 20:24

Yes you would get most of your tax back. This is because you payn monthly PAYE as if you earn the monthly amount for a full year, so in your case R25 000 per month x 12. So you are taxed on R300 000 whebpn in fact your earnings are R75 000. Your true tax will be (R75000 - R63556) x 18% and the difference between that and what you have paid will be a refund.


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