Income Tax Calculator | Alv BlueStar | Sanlam Financial Planners Pinetown, KwaZulu Natal

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Income Tax Calculator and Tax Tables

Work out the salary tax deductions you will pay for the current tax year and compare it to previous year’s deductions by using this calculator. Use the calculator to determine your nett take home pay and find your income tax rates for the year using the SARS tax tables below. We’ve got the resources and financial solutions you need to budget, save and invest.

Tax year:  1 Mar 2023 to 29 Feb 2024What is your gross salary?  R
Your gross salary is the entire amount, including all benefits, that your boss pays you.When do you receive this salary?  Does the above gross salary include contributions to a pension, provident fund or RAF?
  This appears as source code 4001, 4003 or 4006 on your IRP5.

Does the above gross salary include money for a travel allowance?
  This appears as source code 3701 on your IRP5.

Your age?   Under 65   65 – 75   Over 75

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Tax Tables

Tax Rates: 1 March 2024 to 28 February 2025

Individuals and special trusts
Taxable Income (R)Rate of Tax
1-237 10018% of taxable income
237 101-370 50042 678+26% of taxable income above 237 100
370 501-512 80077 362+31% of taxable income above 370 500
512 801-673 000121 475+36% of taxable income above 512 800
673 001-857 900179 147+39% of taxable income above 673 000
857 901-1817 000251 258 +41% of taxable income above 857 900
1 817 001 and above644 489 + 45% of taxable income above 1 817 000


Tax Rebates
DescriptionAmount (R)
Primary17 235
Secondary (Persons 65 years and older)9 444
Tertiary (Persons 75 years and older)3 145


Age Tax Threshold
AgeTax Threshold (R)
Below age 6595 750
Age 65 to below 75148 217
Age 75 and above165 689

Tax season is here

Income tax filing dates

It’s time to file your tax return, which means it’s a good idea to start getting your paperwork in order. Take note of the tax season dates relevant to you. The dates for 2024 Filing Season are:

  • Individual taxpayers (non-provisional): 15 July 2024 to 21 October 2024
    • Auto-assessment notices: 1-14 July 2024
  • Provisional taxpayers: 15 July 2024 to 20 January 2025
  • Trusts: 16 September 2024 to 20 January 2025

Learn more about this filing season here.

MAXIMISE YOUR TAX BENEFITS

Invest in Sanlam's tax-efficient products

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RA

Retirement Annuity

Maximise your tax benefit with Sanlam’s retirement solutions. Invest today and boost your retirement savings with a Wealth Bonus®.

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TFSA

Tax-free Savings Account

Reach your long-term saving goals by paying zero tax on interest, dividends and capital gains. Start investing today.

Sanlam Reality Benefit

Help is available if you need it

During tax season, don't forget that you, an individual taxpayer, can get free tax assistance with TaxTim and Sanlam Reality.

Click to learn more
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