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

Should an annual salary be used rather than monthly on the calculator to ensure that a bonus is incl

Posted 25 March 2014 under Tax Questions

Let TaxTim
help you
submit your
Tax returns!




TaxTim will help you:

  • Do Your Tax Return Easily
  • Avoid penalties
  • Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS
in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
The TaxTim SARS income tax calculator does not make provision for a bonus/13th cheque. Should I just put the total salary including the bonus as an annual salary?

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

TaxTimTaxTim says:
25 March 2014 at 13:23

You could include the bonus as part of the monthly amount for the 13th month and you will see the tax calculated for that particular month based on the annual rates.

However what you could do is put in the annual amount with the bonus and then without the bonus and that difference in tax is the tax on the bonus.

Some employers do it the first way, meaning the tax is higher now, but you will get a refund when you submit your return and others the second way which means the correct tax has been calculated.

If you have any further questions please feel free to ask.


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 →

Let TaxTim
help you
submit your
Tax returns!




TaxTim will help you:

  • Do Your Tax Return Easily
  • Avoid penalties
  • Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS
in just a few clicks!

Get started