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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