Income Tax brackets in South Africa

The tax season has opened and there are millions of new tax payers asking questions about how it works and what it means.

Tax brackets are in place to indicate the percentage of your income contributable to SARS according to your income.

The tax brackets in South Africa look as follows:

Taxable income (R) (Annually)	Rates of tax (R)
0 – 174 550	18% of each R1
174 551 – 272 700	31 419 + 25% of the amount above 174550
272 701 – 377 450	55 957 + 30% of the amount above 272 700
377 451 - 528 000	87 382 + 35% of the amount above 377 450
528 001 - 673 100	140 074 + 38% of the amount above 528 000
673 101 and above	195 212 + 40% of the amount above 673 100

 

Make sure you are certain of which tax bracket you fall under before submitting your tax returns this season.

What do you think the average tax income of South Africa is?