TAX RATES FOR THE YEAR OF ASSESSMENT ENDING 28 FEBRUARY 2008 (2008 YEAR OF ASSESSMENT)

Taxable Income (Rand) Rates of Tax
0 112 500 18 of each R1
112 501 180 000 25 250 plus 25 per cent of the amount above 112500
180 001 2500 000 37 125 Plus 30 per centof the amount above 180000
250 001 350 000 58 125 Plus 35 per cent of the amount above 250000
350 001 450 000 93 125 Plus 38 per centof the amount above 350000
450 001 and above 131125 Plus 40 per centof the amount above 450000

Rebates
Under 65 Primary Rebate R7 740
Over 65 Age Rebate R4 680

Tax thresholds
Below 65 years R43 000
65 year and older R69 000

Interest exemptions
Persons under 65 years R15 000
Persons 65 years and older R22 000

Recommend this article...