PERSONAL INCOME TAX RATE AND BRACKET ADJUSTMENTS

THIS YEAR (2008/2009)

TAXABLE INCOME
(in Rands)

RATES OF TAX

0 – 122 000

18% of each R

122 001 – 195 000

R21 960 + 25% of the

amount above R122 000

195 001 – 270 000

R40 210 + 30% of the amount above R195 000

270 001 – 380 000

R62 710 + 35% of the amount above R270 000

380 001 – 490 000

R101 210  + 38% of the amount above R380 000

490 001 and above

R143 010 + 40% of the amount above R490 000

INCOME TAX PAYABLE 2008/09

(TAXPAYERS YOUNGER THAN 65)

Taxable Income

2004/2005

2005/2006

2006/2007

2007/2008

2008/2009

2008/2009 Saving per Annum

46 000

2 300

1 800

900

540

 -

540

50 000

3 200

2 700

1 800

1 260

720

540

55 000

4 100

3 600

2 700

2 160

1 620

540

60 000

5 000

4 500

3 600

3 060

2 520

540

65 000

5 900

5 400

4 500

3 960

3 420

540

70 000

6 800

6 300

5 400

4 860

4 320

540

75 000

7 770

7 200

6 300

5 760

5 220

540

80 000

9 020

8 100

7 200

6 660

6 120

540

85 000

10 270

9 350

8 100

7 560

7 020

540

90 000

11 520

10 600

9 000

8 460

7 920

540

100 000

14 020

13 100

10 800

10 260

9 720

540

120 000

19 270

18 100

15 800

14 385

13 320

1 065

150 000

28 270

26 600

23 300

21 885

20 680

1 205

200 000

45 670

42 600

37 800

35 385

33 430

1 955

250 000

-

60 700

54 300

50 385

48 430