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Accountant Cape Town Fish Hoek

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Personal Income Tax Rates For Individuals

Financial years ending 28 February 2017 :

Tax table

Taxable income and  Tax rate

R 0 - R 188,000                                      -  18% above R 1

R 188,001 - R 293,600                            -  R 33,840 + 26% of taxable income above R 188,000

R 293,601 - R 406,400                            -  R 61,296 + 31% of taxable income above R 293,600

R 406,401 - R 550,100                            -  R 96,264 + 36% of taxable income above R 406,400

R 550,101 - R 701,300                            -  R 147,996 + 39% of taxable income above R 550,100

Above R 701,301                                    -  R 206,964 + 41% of taxable income above R 701,300

Rebates

Primary rebate                                          -  R 13,500

Secondary rebate (65 and older of age)    -  R 7,407

Tertiary rebate (75 and older of age)        -  R 2,466


Thresholds for financial years ending February 2017

below 65 years of age                                  -  R 75,000

old than 65 and younger than 75               -  R 116,150

above 75 years of age                                -  R 129,850


Medical Tax Credit

Main member of a medical aid                 - R 286

The first dependant                                  - R 286

Every additional dependant                     -  R 192

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