Income Tax Rates

For natural persons and special trusts (Year of assessment ending 2013/02/28)

Taxable income

Exceed But does not exceed Rate of Tax
R 0 R 160 000 18% of each R1 -
R 160 001 R 250 000 R 28 800 + 25% of the amount over R 160 000
R 250 001 R 346 000 R 51 300 + 30% of the amount over R 250 000
R 346 001 R 484 000 R 80 100 + 35% of the amount over R 346 000
R 484 001 R 617 000 R 128 400 + 38% of the amount over R 484 000
R 617 001 and above R 178 940 + 40% of the amount over R 617 000


Tax rebates

Persons under 65 years                  R11 440

Persons 65 years and older             R17 830

Persons 75 year and older               R19 960

Tax Thresholds

Persons under 65 year                   R63 556

Persons 65 year and older              R99 056

Persons 75 years and older            R110 889

Trusts

The tax rate on trusts (no special trusts) remains unchanged at 40%

Special trust will be taxed as individuals

Medical Aid Rebates

Persons under 65                                              R 230

Persons under 65 with 1 dependant                    R 460

Persons under 65 with 2 dependants                   R 614

The third and each dependant has an additional rebate or credit of R154 pm per dependant for the 2013 tax year