See the tables below for tax rates and tax thresholds for individuals, as well as medical aid rates pertaining to deductions for the coming tax period. All info as per SARS 2015 budget.
TAX RATES INDIVIDUALS – 2015
| Taxable income | Rates of Tax | |
|---|---|---|
| R 0-R174550 | 18% of each R1.00 | |
| R174 551 – R272 700 | R 31 419 + 25% of the amount over | R174 550 |
| R272 701 – R377 450 | R 55 957 + 30% of the amount over | R272 700 |
| R377 451 – R528 000 | R 87 382 + 35% of the amount over | R377 450 |
| R528 001 – R673 100 | R140 074 + 38% of the amount over | R528 000 |
| R673 101 + | R195 212 + 40% of the amount over | R673 100 |
TAX RATES INDIVIDUALS – 2016
| Taxable income | Rates of Tax | |
|---|---|---|
| R 0-R181900 | 18% of each R1.00 | |
| R181 901 – R284 100 | R 31 419 + 25% of the amount over | R181 900 |
| R284 101 – R393 200 | R 55 957 + 30% of the amount over | R284 100 |
| R393 201 – R550 100 | R 87 382 + 35% of the amount over | R393 200 |
| R550 101 – R701 300 | R140 074 + 38% of the amount over | R550 100 |
| R701 301 + | R195 212 + 40% of the amount over | R701 300 |
TAX THRESHOLDS
Taxable Income
| 2015 | 2016 | |
| Persons under 65 | R 70 700 | R 73650 |
| Persons 65 – 74 | R110 200 | R114 800 |
| Persons 75 and over | R123 350 | R128 500 |
TAX REBATES
| Amounts deductible from the tax payable | 2015 | 2016 |
| Persons under 65 | R 70 700 | R 73650 |
| Persons 65 – 74 | R110 200 | R114 800 |
| Persons 75 and over | R123 350 | R128 500 |
