All income tax calculators are based on the tax tables from SARS for the specific period of taxation and this is what is used to work out your tax liability, that is the amount of money you need to pay to SARS. The formula to calculate your base tax liability is simple: Base Tax [...]
Each year, we post the latest SARS tax tables for your reference. This year we have also included a useful comparative tax rate table to allow you to compare the changes between 2014/2015 and the previous two tax years. SARS tax tables for the period 1 MAR 2014 to 28 FEB 2015 Taxable Income [...]
Every year the South African Revenue Service (SARS) releases it's SARS tax tables. These tables assist you in calculating the income tax you are required to pay to SARS. What is income tax? Income tax is the tax payable on your taxable income. To calculate your taxable income, you need to create a total [...]
Introduction to income tax If you are receiving income, you may be liable to pay income tax. Income tax is a tax that is levied on your income and applies to individuals, trusts and companies. Income tax was explained in more detail on one of my previous blogs ( What is income tax? ) [...]
