2024 TAX RATES
Taxable income Rates of tax R1 – R237 100 18% of taxable income R237 101 – R370 500 R42 678 + 26% of taxable income above R237 100 R370 501 – R512 800 R77 362 + 31% of taxable income above R370 500 R512 801 – R673 000 R121 475 + 36% of taxable income above R512 800 R673 001 – R857 900 R179 147 + 39% of taxable income above R673 000 R857 901 – R1 817 000 R251 258 + 41% of taxable income above R857 900 R1 817 001 and above R644 489 + 45% of taxable income above R1 817 000 Tax Rebates Primary R17 235 Secondary (65 and older) R9 444 Tertiary (75 and older) R3 145 Tax Thresholds Under 65 R95 750 65 and older R148 217 75 and older R165 689
2023 TAX RATES
Taxable income Rates of tax R1 – R226 000 18% of taxable income R226 001 – R353 100 R40 680 + 26% of taxable income above R226 000 R353 101 – R488 700 R73 726 + 31% of taxable income above R353 100 R488 701– R641 400 R115 762 + 36% of taxable income above R488 700 R641 401 – R817 600 R170 734 + 39% of taxable income above R641 400 R817 601 – R1 731 600 R239 452 + 41% of taxable income above R817 600 R1 731 601 and above R614 192 + 45% of taxable income above R1 731 600 Tax Rebates Primary R16 425 Secondary (65 and older) R 9 000 Tertiary (75 and older) R2 997 Tax Thresholds Under 65 R91 250 65 and older R141 250 75 and older R157 900
2022 TAX RATES
Taxable income Rates of tax R1 – R216 200 18% of taxable income R216 201 – R337 800 R38 916 + 26% of taxable income above 216 200 R337 801 – R467 500 R70 532 + 31% of taxable income above R337 800 R467 501 – R613 600 R110 739 + 36% of taxable income above R467 500 R613 601 – R782 200 R163 335 + 39% of taxable income above R613 600 R782 201 – R1 656 600 R229 089 + 41% of taxable income above R782 200 R1 656 601 and above R587 593 + 45% of taxable income above R1 656 600 Tax Rebates Primary R15 714 Secondary (65 and older) R8 613 Tertiary (75 and older) R2 871 Tax Thresholds Under 65 R87 300 65 and older R135 150 75 and older R151 100
2021 TAX RATES
Taxable income Rates of tax R1 – R205 900 18% of taxable income R205 901 – R321 600 R37 062 + 26% of taxable income above R205 900 R321 601 – R445 100 R67 144 + 31% of taxable income above R321 600 R445 101 – R584 200 R105 429 + 36% of taxable income above R445 100 R584 201 – R744 800 R155 505 + 39% of taxable income above R584 200 R744 801 – R1 577 300 R218 139 + 41% of taxable income above R744 800 R1 577 301 and above R559 464 + 45% of taxable income above R1 577 300 Tax Rebates Primary R14 958 Secondary (65 and older) R8 199 Tertiary (75 and older) R2 736 Tax Thresholds Under 65 R83 100 65 and older R128 650 75 and older R143 850
2020 TAX RATES
| Taxable Income | Tax Rates |
|---|---|
| R0 – R195 850 | 18% of taxable income |
| R195 851 – R305 850 | R35 253 + 26% of taxable income above R195 850 |
| R305 851 – R423 300 | R63 853 + 31% of taxable income above R305 850 |
| R423 301 – R555 600 | R100 263 + 36% of taxable income above R423 300 |
| R555 601 – R708 310 | R147 891 + 39% of taxable income above R555 600 |
| R708 311 – R1 500 000 | R207 448 + 41% of taxable income above R708 310 |
| 1 500 001 and above | R532 041 + 45% of taxable income above R1 500 000 |
| Tax Rebates | |
| Primary | R14 220 |
| Additional | R7 794 (for persons 65 years and older) |
| Tertiary | R2 601 (for persons 75 years and older) |
| Tax Threshold | |
| Below Age 65 | R79 000 |
| Age 65 to below 75 | R122 300 |
| Age 75 and over | R136 750 |
| Interest Exemption | |
| Individuals under 65 years of age | R23 800 per annum |
| Individuals over 65 years of age | R34 500 per annum |
2019 TAX RATES
| Taxable Income | Tax Rates |
|---|---|
| R0 – R195 850 | 18% of taxable income |
| R195 851 – R305 850 | R35 253 + 26% of taxable income above R195 850 |
| R305 851 – R423 300 | R63 853 + 31% of taxable income above R305 850 |
| R423 301 – R555 600 | R100 263 + 36% of taxable income above R423 300 |
| R555 601 – R708 310 | R147 891 + 39% of taxable income above R555 600 |
| R708 311 – R1 500 000 | R207 448 + 41% of taxable income above R708 310 |
| R1 500 001 and above | R532 041 + 45% of taxable income above R1 500 000 |
| Tax Rebates | |
| Primary | R14 067 |
| Additional | R7 713 (for persons 65 years and older) |
| Tertiary | R2 574 (for persons 75 years and older) |
| Tax Threshold | |
| Below Age 65 | R78 150 |
| Age 65 to below 75 | R121 000 |
| Age 75 and over | R135 300 |
2018 TAX RATES
| Taxable Income | Tax Rates |
|---|---|
| R0 – R189 880 | 18% of taxable income |
| R189 881 – R296 540 | R34 178 + 26% of taxable income above R189 880 |
| R296 541 – R410 460 | R61 910 + 31% of taxable income above R296 540 |
| R410 461 – R555 600 | R97 225 + 36% of taxable income above R410 460 |
| R555 601 – R708 310 | R149 475 + 39% of taxable income above R555 600 |
| R708 311 – R1 500 000 | R209 032 + 41% of taxable income above R708 310 |
| R1 500 001 and above | R533 625 + 45% of taxable income above R1 500 000 |
| Tax Rebates | |
| Primary | R13 635 |
| Additional | R7 479 (for persons 65 years and older) |
| Tertiary | R2 493 (for persons 75 years and older) |
| Tax Threshold | |
| Below Age 65 | R75 750 |
| Age 65 to below 75 | R117 300 |
| Age 75 and over | R131 150 |