Friday, March 19, 2010
Tax Relief for the Individual
Everyone under 65 earning between R57 000 (
R4 750 per month
) and R80 000 (
R6 667 a month
) will pay an average tax rate of
5.2%
People under 65 earning up to R250 000 (
R20 833 a month
) will pay an average tax rate of
17.6%
And under 65’s earning R750 000 (
R62 500 a month
) will pay an average tax rate of
30.6%
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