1. What is the South Africa Tax Calculator 2024?

Definition: This calculator estimates income tax liability for individuals in South Africa based on the 2024 tax brackets.

Purpose: It helps taxpayers and financial planners estimate annual tax obligations under the progressive tax system.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Base — Fixed amount for the tax bracket
• Rate — Marginal tax rate for the bracket
• Income — Annual taxable income (ZAR)
• Threshold — Lower limit of the tax bracket

Explanation: South Africa uses a progressive tax system where higher income portions are taxed at higher rates.

3. 2024 Tax Brackets (Individuals under 65)

Tax Rates:

• Up to R237,100: 18% of taxable income
• R237,101-R370,500: R42,678 + 26% of amount above R237,100
• R370,501-R512,800: R77,362 + 31% of amount above R370,500
• R512,801-R673,000: R121,475 + 36% of amount above R512,800
• R673,001-R857,900: R179,147 + 39% of amount above R673,000
• R857,901-R1,817,000: R251,258 + 41% of amount above R857,900
• Above R1,817,000: R644,489 + 45% of amount above R1,817,000

4. Using the Calculator

Tips: Enter your annual taxable income in ZAR. The calculator will apply the appropriate tax brackets automatically.

5. Frequently Asked Questions (FAQ)

Q1: Does this include medical credits or other deductions?
A: No, this calculates gross tax liability before any rebates or deductions.

Q2: Are these rates for individuals or companies?
A: These rates apply to individuals under 65. Different rates apply to companies and older individuals.

Q3: When are provisional tax payments due?
A: Typically end-August and end-February, with a third payment for February year-end taxpayers.

Q4: How is foreign income taxed?
A: South African residents are taxed on worldwide income, with possible foreign tax credits.

Q5: What's the tax-free threshold?
A: The primary rebate for 2024 is R17,235, effectively making the first ~R95,750 tax-free.