Use the following simple income tax calculator to work out how much PAYE and UIF tax you will pay for SARS this year.
Why Use Our FREE Income Tax Calculator?
Using our income tax calculator offers you several significant benefits.
It provides a quick and accurate estimation of your tax liability, allowing for better financial planning and budgeting. By automating the calculation process, it saves you time and reduces the risk of errors, which is especially valuable during tax season.
Additionally, an income tax calculator enables you to explore different financial scenarios by adjusting variables such as income, deductions, and filing status. This helps you make informed decisions about investments and other financial moves that could impact your taxes.
Understanding your tax obligations in advance also helps you avoid penalties by ensuring you pay the correct amount throughout the year. Furthermore, the calculator aids in pre-filing preparation, allowing you to gather the necessary documents and information ahead of time. Overall, it’s a practical tool for managing your tax obligations efficiently and effectively.
Current Tax Brackets
For the 2024/25 tax year in South Africa, the individual tax brackets are as follows:
- 0 to R237,100: 18% of taxable income
- R237,101 to R370,500: R42,678 + 26% of taxable income above R237,100
- R370,501 to R512,800: R77,362 + 31% of taxable income above R370,500
- R512,801 to R673,000: R121,475 + 36% of taxable income above R512,800
- R673,001 to R857,900: R179,147 + 39% of taxable income above R673,000
- R857,901 to R1,817,000: R251,258 + 41% of taxable income above R857,900
- Above R1,817,000: R644,489 + 45% of taxable income above R1,817,000
These brackets determine the rate of tax applicable to various ranges of taxable income for individual taxpayers.
