Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

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

If I am earning two salaries how does tax work?

Posted 3 January 2013 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
I am currently earning a salary as a designer in a design company and now also earning an extra income by designing a disability newspaper on weekends, my company has finally gotten funding from the government and they are back paying me R5000 for doing the newspaper layout, how much do I need to be taxed on this amount? They have taxed me R900, is this correct? Thank you for your help.

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

TaxTimTaxTim says:
7 December 2012 at 20:06

Your company has taken the lowest tax rate of 18% as a PAYE deduction. This is acceptable for once off payments, but at the end of the tax year your actual tax paid on this amount will be calculated which may be more or less depending on the rest of your income.


Get Tax Deadline Reminders, News and Tips
 

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 →