Who needs to pay Provisional tax? In the first place, Income tax is the normal tax which is paid on your taxable income. With this in mind, examples of amounts an individual may receive, and from which the taxable income is determined, include – Remuneration (income from employment), such as, salaries, wages, bonuses, overtime pay,...
Category: Income Tax
2020 Individual Income Tax Rates
No adjustments have been made to personal income tax for the 2019-2020 year. Not raising personal income tax brackets means more individuals may fall into a higher bracket if they receive salary increases. The only change was to the tax-free threshold, which has been upped from R78 150 to R79 000. Treasury says this is...