The South African Revenue Service (SARS) has released the income tax tables for the 2023-2024 tax year. The tables show the amount of tax payable on different levels of taxable income. In South Africa you are Liable to Pay Income Tax if you earn in a below mentioned criteria and How much Tax you have to pay is mentioned in detailed SARS Income Tax Tables 2023 PDF File.
The tax thresholds for the 2023 tax year are as follows:
In South Africa, you are liable to pay income tax if you earn more than:
- R95 750 and you are younger than 65 years.
- If you are 65 or older but younger than 75 years old, the tax threshold (i.e. the amount above which income tax becomes payable) is R148 217.
- For taxpayers aged 75 years and older, this threshold is R165 689.
A tax table is a chart that displays the amount of tax due based on income received. The tax rate in the relevant tables may be shown as an amount, a percentage rate, or a combination of both.
To find out how much tax you owe, you can use the SARS taxable tables and brackets 2023/2024 PDF File mentioned below. Simply find the table that applies to your age and taxable income, and then look up the amount of tax payable in the table. You have to Pay Taxes to South Africa Government based on the Slab you lies after deduction of your Expenses from Total Income.
SARS Income Tax Tables 2023/2024 PDF – Download
You can find the full SARS taxable tables and brackets for the Tax Tear 2023/2024 here in PDF File Format. Everything explained inside. Hope it would be helpful to you.
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