Income Tax Calculator for Individuals 2023/2024
Trying to calculate income tax and unsure about where to start? These are the income tax tables that apply to individuals.
Other allowances and contributions that could impact your net tax payable or refundable on your tax return are:
- Travel allowances
- Benefits
- Retirement annuity contributions
- Provident fund contributions
- Medical aid contributions
- Rental income and expenses
- Income and expenses from side hustles
- Fringe benefits contributions
- Home office expenses
- Other monthly income or annual payments
Tax Rates for Individuals 2024
These are the applicable tax rates, brackets and rebates for the Income Tax year 1 March 2023 - 29 February 2024
Tax Brackets and rates for 2024
(R 1 – R 237 100) 18% on each R1
(R 237 001 – R 370 500) R 42 678 + 26% of the amount over R 237 100
(R 370 501 – R 512 800) R 77 362 + 31% of the amount over R 370 500
(R 512 801 – R 673 000) R 121 475 + 36% of the amount over R 512 800
(R 673 001 – R 857 900) R 179 147 + 39% of the amount over R 673 000
(R 857 901 – R 1 817 000) R 251 258 + 41% of the amount over R 857 900
(R 1 817 001 and above R 644 489 + 45% of the amount over R 1 817 000
Tax Rebates for 2024
- Persons under 65 - R 17 235
- Persons 65 and under 75 - R 9 444
- Persons 75 and over - R 3 145
Tax Threshold for 2024 (no tax payable under this amount)
- Persons under 65 - R 95 750
- Persons 65 and under 75 - R 148 217
- Persons 75 and over - R 165 689
Tax Rates for Individuals 2023
These are the applicable tax rates, brackets and rebates for the Income Tax year 1 March 2022 - 28 February 2023
Tax Brackets and rates for 2023
R 1 – R 226 000 18% on each R1
(R 226 001 – R 353 100) R 40 680 + 26% of the amount over R 226 000
(R 353 101 – R 488 700) R 73 726 + 31% of the amount over R 353 100
(R 488 701 – R 641 400) R 115 762 + 36% of the amount over R 488 700
(R 641 401 – R 817 600) R 170 734 + 39% of the amount over R 641 400
(R 817 601 – R 1 731 600) R 239 452 + 41% of the amount over R 817 600
(R 1 731 601 and above R 614 192 + 45% of the amount over R 1 731 600
Tax Rebates for 2023
- Persons under 65 - R 16 425
- Persons 65 and under 75 - R 9 000
- Persons 75 and over - R 2 997
Tax Threshold for 2023 (no tax payable under this amount)
- Persons under 65 - R 91 250
- Persons 65 and under 75 - R 141 250
- Persons 75 and over - R 157 900
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Archive - Income Tax Tables 2022
Archive - Income Tax Tables 2021
Archive - Income Tax Tables 2020
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