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Tax calculation with salary increase

Posted 14 October 2015 under Tax Questions



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Curious says:
13 October 2015 at 22:55

Is tax calculated on a monthly or yearly salary? If your salary increases within the financial year, will the tax owing be increased only for the remaining months or will the entire years premiums be adjusted?

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TaxTimTaxTim says:
14 October 2015 at 13:30

It is calculated on your annual salary, if there is no increase then effectively it is the same thing. Please make use of our SARS income tax calculator to see what the differences will be.


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