Do your Tax with TaxTim and WIN R10,000 More info T&C's apply

What is the tax on my December bonus?

Posted 2 September 2014

What would the tax implication be on a bonus in December? My salary is R4950 pm.

TaxTim says:
2 September 2014 at 13:13

How much is your bonus?

Tams says:
2 September 2014 at 13:28

Bonus is same as salary R4950 payable in December.

Regards

TaxTim says:
2 September 2014 at 13:51

There will not be any tax on this amount as you still fall below the Tax Threshold of R70700.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Tax Threshold. Bookmark the permalink.

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.