FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Tax on retention bonus

Posted 19 January 2016

Robert says:
19 January 2016 at 12:40

How is retention bonus taxed. Say one is receiving R200 000 cash payout. How will this be calculated?

TaxTim TaxTim says:
19 January 2016 at 15:21

This would be subject to tax as normal, so included in your normal income and taxed as per the tax tables.

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.




Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.