Budget Speech 2016-2017 And New Tax Tables

1
min read
Budget Speech 2016-2017 And New Tax Tables

The 2016-2017 South African Budget Speech was presented by the Minister of Finance, Pravin Gordhan on Wednesday, 24 February 2016.

View our online tax calculator to see how it affects your tax compared to last year.

Calculate Your Tax
Below are the 2016 South African tax tables, as released on 24 February 2016. Download the 2016 Tax Pocket Guide at the bottom of the page.

Looking for an online payroll with all the latest tax tables for South Africa and other African countries? Give PeopleWeb a try!

Individuals and special trusts
 

Taxable IncomeRate of Tax (R)

0 - 188 00018% of taxable income

188 001 – 293 60033 840 + 26% of taxable income above 188 000

293 601 – 406 40061 296 + 31% of taxable income above 293 600

406 401 – 550 10096 264 + 36% of taxable income above 406 400

550 101 – 701 300147 996 + 39% of taxable income above 550 100

701 301 and above206 964 + 41% of taxable income above 701 300

Tax Rebates
 

Rebate 

PrimaryR13 500

Secondary (Persons 65 and older)R7 407

Tertiary (Persons 75 and older)R 2 466

Tax Thresholds
 

AgeTax Threshold

Below age 65R75 000

Age 65 to 75R116 150

Age 75 and overR129 850



Image removed.Tax Pocket Guide 2016-2017