TAX TABLES
What are Tax Tables?
Tax tables are used by individuals, companies and estates for both standard income and capital gains. Please see below, we are each year updating and posting new updated TAX Tables as per SARS . We have the professional Tax Advisors for all your questions in regards to Individual Tax, Companies Tax, Capital Gain Tax and others… contact us today
2023/24 Tax Tables
STATUTORY RATES OF TAX FOR 2023 – 2024
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 237 100 | 18% of Taxable Income |
| 237 101 – 370 500 | 42 678 + 26% of the amount over 237 100 |
| 370 501 – 512 800 | 77 362 + 31% of the amount over 370 500 |
| 512 801 – 673 000 | 121 475 + 36% of the amount over 512 800 |
| 673 001 – 857 900 | 179 147 + 39% of the amount over 673 000 |
| 857 901 – 1 817 000 | 251 258 + 41% of the amount over 857 900 |
1 817 001 and above 644 489 + 45% of the amount above 1 817 000
Rebates 2024
Primary Rebate R17 235.00
Secondary Rebate (Persons of 65 and under 75) R9 444.00
Tertiary Rebate (Persons 75 and older) R 3 145.00
Medical Tax Credits 2024
Monthly tax credits will be
Where medical scheme contributions in excess of four times the total allowable tax credits plus out-of-pocket medical expenses combined exceed 7.5% of taxable income, they can be claimed as a deduction against taxable income.
- For the first two beneficiaries R364.00
- Each additional beneficiary R246.00
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 95 750
Persons aged between 65 and 74 years R 148 217
Persons older than 75 years R 165 689
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
45% of each R1
Value Added Tax 15%
2022/23 Tax Tables
STATUTORY RATES OF TAX FOR 2022 – 2023
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 226 000 | 18% of Taxable Income |
| 226 001 – 353 100 | 40 680 + 26% of the amount over 226 000 |
| 353 101 – 488 700 | 73 726 + 31% of the amount over 353 100 |
| 488 701 – 641 400 | 115 762 + 36% of the amount over 488 700 |
| 641 401 – 817 600 | 170 734 + 39% of the amount over 641 400 |
| 817 601 – 1 731 600 | 239 452 + 41% of the amount over 817 600 |
1 731 601 and above 614 192 + 45% of the amount above 1 731 600
Rebates 2023
Primary Rebate R16 425
Secondary Rebate (Persons of 65 and under 75) R 25 425
Tertiary Rebate (Persons 75 and older) R 28 422
Medical Tax Credits 2023
Monthly tax credits will be
Where medical scheme contributions in excess of four times the total allowable tax credits plus out-of-pocket medical expenses combined exceed 7.5% of taxable income, they can be claimed as a deduction against taxable income.
- For the first two beneficiaries R347
- Each additional beneficiary R234
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 91 250
Persons aged between 65 and 74 years R 141 250
Persons older than 75 years R 157 900
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
45% of each R1
Value Added Tax 15%
Tax-Free Investment
As of 1 March 2015, natural persons can invest in approved investments which include unit trusts, fixed deposits, or REITs. These investments are subject to a lifetime investment limit of R500 000, and an annual investment limit of R36 000 (2020: R33 000).
All proceeds, including interest, dividends, and capital gains on the disposal of these investments, are fully exempt from tax.
Where the annual or lifetime limits are exceeded, a penalty of 40% of the excess capital contributed is imposed
2021/22 Tax Tables
STATUTORY RATES OF TAX FOR 2021 – 2022
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 216 200 | 18% of Taxable Income |
| 216 201 – 337 800 | 38 916 + 26% of the amount over 216 200 |
| 337 801 – 467 500 | 70 532 + 31% of the amount over 337 800 |
| 467 501 – 613 600 | 110 739 + 36% of the amount over 467 500 |
| 613 601 – 782 200 | 163 335 + 39% of the amount over 613 600 |
| 782 201 – 1 656 600 | 229 089 + 41% of the amount over 782 200 |
1 656 601 and above 587 593 + 45% of the amount above 1 656 600
Rebates
Primary Rebate R15 714
Secondary Rebate (Persons of 65 and older) R 8 613
Tertiary Rebate (Persons of 75 and older) R 2 871
Medical Tax Credits
Monthly tax credits will be
Where medical scheme contributions in excess of four times the total allowable tax credits plus out-of-pocket medical expenses combined exceed 7.5% of taxable income, they can be claimed as a deduction against taxable income.
- For the first two beneficiaries R332
- Each additional beneficiary R224
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 87 300
Persons aged between 65 and 74 years R 135 150
Persons older than 75 years R 151 100
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
45% of each R1
Value Added Tax 15%
2020/21 Tax Tables
STATUTORY RATES OF TAX FOR 2020 – 2021
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 205 900 | 18% of Taxable Income |
| 205 901 – 321 600 | 37 062 + 26% of the amount over 205 900 |
| 321 601 – 445 100 | 67 144 + 31% of the amount over 321 600 |
| 445 101 – 584 200 | 105 429 + 36% of the amount over 445 100 |
| 584 201 – 744 800 | 155 505 + 39% of the amount over 584 200 |
| 744 801 – 1 577 300 | 218 139 + 41% of the amount over 744 800 |
1 577 301 and above 559 464+ 45% of the amount above 1 577 300
Rebates
Primary Rebate R14 958
Secondary Rebate (Persons of 65 and older) R 8 199
Tertiary Rebate (Persons of 75 and older) R 2 736
Medical Tax Credits
Monthly tax credits will be
Where medical scheme contributions in excess of four times the total allowable tax credits plus out-of-pocket medical expenses combined exceed 7.5% of taxable income, they can be claimed as a deduction against taxable income.
- For the first two beneficiaries R319
- Each additional beneficiary R215
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 83 100
Persons aged between 65 and 74 years R 128 650
Persons older than 75 years R 143 850
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
45% of each R1
Value Added Tax 15%
2019/20 Tax Tables
STATUTORY RATES OF TAX FOR 2019 – 2020
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 195 850 | 18% of Taxable Income |
| 195 851 – 305 850 | 35 253 + 26% of the amount over 195 850 |
| 305 851 – 423 300 | 63 853 + 31% of the amount over 305 850 |
| 423 301 – 555 600 | 100 263 + 36% of the amount over 423 300 |
| 555 601 – 708 310 | 147 891 + 39% of the amount over 555 600 |
| 708 311 – 1 500 000 | 207 448 + 41% of the amount over 708 310 |
1 500 000 and above 532 041 + 45% of the amount above 1 500 000
Rebates
Primary Rebate R14 220
Secondary Rebate (Persons of 65 and older) R 7 794
Tertiary Rebate (Persons of 75 and older) R 2 601
Medical Tax Credits
Monthly tax credits will be
Where medical scheme contributions in excess of four times the total allowable tax credits plus out-of-pocket medical expenses combined exceed 7.5% of taxable income, they can be claimed as a deduction against taxable income.
- For the first two beneficiaries R310
- Each additional beneficiary R209
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 79 000
Persons aged between 65 and 74 years R 122 300
Persons older than 75 years R 136 750
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
45% of each R1
Value Added Tax 15%
2018/19 Tax Tables
STATUTORY RATES OF TAX FOR 2018 – 2019
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 195 850 | 18% of Taxable Income |
| 195 851 – 305 850 | 35 253 + 26% of the amount over 195 850 |
| 305 851 – 423 300 | 63 853 + 31% of the amount over 305 850 |
| 423 301 – 555 600 | 100 263 + 36% of the amount over 423 300 |
| 555 601 – 708 310 | 147 891 + 39% of the amount over 555 600 |
| 708 311 – 1 500 000 | 207 448 + 41% of the amount over 708 310 |
1 500 000 and above 532 041 + 45% of the amount above 1 500 000
Rebates
Primary Rebate R14 067
Secondary Rebate (Persons of 65 and older) R 7 713
Tertiary Rebate (Persons of 75 and older) R 2 574
Medical Tax Credits
Monthly tax credits will be
Where medical scheme contributions in excess of four times the total allowable tax credits plus out-of-pocket medical expenses combined exceed 7.5% of taxable income, they can be claimed as a deduction against taxable income.
- For the first two beneficiaries R310
- Each additional beneficiary R209
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 78 150
Persons aged between 65 and 74 years R 121 000
Persons older than 75 years R 135 300
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
45% of each R1
Value Added Tax 15%
2017/18 Tax Tables
STATUTORY RATES OF TAX FOR 2017 – 2018
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 189 880 | 18% of each R1 |
| 189 881 – 296 540 | 34 178 + 26% of the amount over 189 880 |
| 296 541 – 410 460 | 61 910 + 31% of the amount over 296 540 |
| 410 461 – 555 600 | 97 225 + 36% of the amount over 410 460 |
| 555 601 – 708 310 | 149 475 + 39% of the amount over 555 600 |
| 708 311 – 1 500 000 | 209 032 + 41% of the amount over 708 310 |
1 500 000 and above 533 625 + 45% of the amount above 1 500 000
Rebates
Primary Rebate R13 635
Secondary Rebate (Persons of 65 and older) R 7 479
Tertiary Rebate (Persons of 75 and older) R 2 493
Medical Tax Credits
- Main Member R303
- Main Member with one dependant R606
- Main Member with two dependants R810
- Each additional beneficiary R204
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 75 750
Persons aged between 65 and 75 years R 117 300
Persons older than 75 years R 131 150
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
45% of each R1
2016/17 Tax Tables
STATUTORY RATES OF TAX FOR 2016 – 2017
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 188 000 | 18% of each R1 |
| 188 001 – 293 600 | 33 840 + 26% of the amount over 188 000 |
| 293 601 – 406 400 | 61 296 + 31% of the amount over 293 600 |
| 406 401 – 550 100 | 96 264 + 36% of the amount over 406 400 |
| 550 101 – 701 300 | 147 996 + 39% of the amount over 550 100 |
| 701 301 + | 206 964 + 41% of the amount over 701 300 |
Rebates
Primary Rebate R13 500
Secondary Rebate (Persons of 65 and older) R 7 407
Tertiary Rebate (Persons of 75 and older) R 2 466
Medical Tax Credits
First two beneficiaries R286
Each additional beneficiary R192
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 75 000
Persons aged between 65 and 75 years R 116 150
Persons older than 75 years R 129 850
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Personal Service Provider Trust (other than a special trust)
41% of each R1
2015/16 Tax Tables
STATUTORY RATES OF TAX FOR 2015 – 2016
Individuals in Standard Employment and Special Trusts
| Taxable income (R) | Rates of Tax |
| 0 – 181 900 | 18% of each R1 |
| 181 900 – 284 100 | 33 742 + 26% of the amount over 181 900 |
| 284 101 – 393 200 | 59 314 + 31% of the amount over 284 100 |
| 393 201 – 550 100 | 93 135 + 36% of the amount over 393 200 |
| 550 101 – 701 300 | 149 619 + 39% of the amount over 550 100 |
| 701 301 + | 208 587 + 41% of the amount over 701 300 |
Rebates
Primary Rebate R13 257
Secondary Rebate (Persons of 65 and older) R 7 407
Tertiary Rebate (Persons of 75 and older) R 2 466
Medical Tax Credits
First two beneficiaries R270
Each additional beneficiary R181
Tax thresholds
The tax thresholds, at which liability for normal tax commences:
Persons under 65 R 73 650
Persons aged between 65 and 75 years R 114 800
Persons older than 75 years R 128 500
Individuals in Non-Standard Employment (Temporary Workers)
• Without PAYE at a rate of 25% for an employee who is paid by the day, and who works less than 5 hours per day or is paid more than the daily equivalent of the tax threshold.
• Otherwise no employee’s tax is to be withheld (for an employee who is paid by the day, who works at least 5 hours per day, and is paid less than the daily equivalent of the tax threshold.
Personal Service Provider Companies
28% of each R1
Other Trust (other than a special trust)
41% of each R1