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105 429 36 of taxable income above 445 100.
Income tax brackets 2020 south africa. 35 253 26 of taxable income above 195 850. Self employed people pay income tax at the same levels as employees in south africa. 2020 1 march 2019 29 february 2020. South africa s income tax bands for the 2020 tax year are as follows.
0 195 850 18 of taxable income. The south african tax year differs from a normal calendar year which runs from 1 january to 31 december. 18 of taxable income. 555 601 708 310.
18 of taxable income. 445 101 584 200. 423 301 555 600. The tax threshold is the amount above which income levy becomes payable and according to the south african tax tables 2020 anyone below 65 years of age has up to r83 100 before they can pay any levy.
Taxable income r rates of tax. 205 901 321 600. Tax rates year of assessment ending 28 february 2020 taxable income rates of tax. Taxable income r rates of tax r 1 205 900.
Our income tax system is progressive and the adjustments reflect this. 18 of taxable income r195 851 r305 850. 2020 2021 tax year. Someone earning r10 000 a month will pay 10 less in tax.
205 901 321 600 37 062 26 of taxable income above 205 900. Then any amount made above r128 650 for those between ages 65 and 75 they are expected to pay the dues. If you are looking for an alternative tax year please select one below. 63 853 31 of taxable income above 305 850.
37 062 26 of taxable income above 205 900. You are viewing the income tax rates thresholds and allowances for the 2020 tax year in south africa. The income tax brackets in south africa for 2020 1 march 2019 29 february 2020 are as follows. 321 601 445 100.
Earnings received from employment income self employed trade rental income investment income and pension income are subject to income tax. 2017 2018 tax tables 2018 2019 tax tables 2020 2021 tax tables 2021 2022 tax tables. 2021 1 march 2020 28 february 2021. 26 r35 253 plus 26 of taxable income above r195 850.
195 851 305 850. The current tax year 1 march 2020 to 28 february 2021 in south africa is called the 2021 tax year because the tax year is named by the year in which it ends. 305 851 423 300. Subsistence allowances and advances.
Medical tax credit rates. 155 505 39 of taxable income above 584 200. Income tax rates in south africa. 67 144 31 of taxable income above 321 600.
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