What you will have now to pay the taxman: INCOME TAX FOR INDIVIDUALS AND TRUSTS‚ 1 MARCH 2017 TO 28 FEBRUARY 2018
2018 tax year (1 March 2017 — 28 February 2018)
R0 – R189 88018% 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 thresholds
Below age 65 R75 750
Age 65 to below 75 R117 300
Age 75 and older R 131 150
Trusts other than special trusts: Rate of tax 45%
Tiso Black Star Group Digital/TimesLIVE
BUDGET 2017: How much you’ll have to pay the taxman
2018 tax year (1 March 2017 — 28 February 2018)
R0 – R189 88018% 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 thresholds
Below age 65 R75 750
Age 65 to below 75 R117 300
Age 75 and older R 131 150
Trusts other than special trusts: Rate of tax 45%
Tiso Black Star Group Digital/TimesLIVE
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