Print
INCOME TAX
Tax Calculator Result
Page:
Details:
Reference Number: 0066386178
Year Of Assessment: 2024
Date: 20240715
Amounts Assessed
Code Source Code Description Rand
3601 INCOME - TAXABLE 356437.00
3606 COMMISSION 173992.00
3605 ANNUAL PAYMENT - TAXABLE 37316.00
3701 TRAVELLING ALLOWANCE 155575.00
3810 MEDICAL SCHEME FEES FRINGE BENEF 140808.00
3817 PENSION FUND CONTRIBUTIONS - DC 26954.00
3808 PAYMENT OF EMPLOYEE'S DEBT 8048.00
3801 GENERAL FRINGE BENEFITS 143.00
Total 899273.00
Deductions
Code Source Code Description Rand
4014 TRAVEL EXPENSES-FIXED COST 123075.00
4029 RETIREMENT FUND CONTRIBUTIONS 57839.00
Total 180914.00
Taxable Income 718359.00
Rating percentage (%) 0.00
Rating amount 718359.00
Taxable income - Subject to retirement fund lump sum benefit tax rates 0.00
Taxable income - Subject to retirement fund lump sum withdrawal benefit tax rates 0.00
Tax Calculation
Normal tax on taxable income 196837.01
Rebates 45201.02
Additional tax 0.00
Administrative penalties 0.00
Retirement fund lump sum benefit tax liability 0.00
Retirement fund lump sum withdrawal benefit tax liability 0.00
Subtotal 151635.99
Employees' tax and tax credits 197875.26
Calculated Result -46239.27
Disclaimer
1. This tax calculator is provided as a service for taxpayers and is intended only as a general indicator of potential income tax liability based
on the information captured on this return only and therefore does not take into account any assessed losses, carry over amounts,
additional tax, provisional tax payments, etc. It is not intended to calculate or reflect any final assessed tax legally owed by you or due to
you - this will only be reflected in your Notice of Assessment when issued. The calculator is provided to you solely for your own
personal, non-commercial use.
2. SARS reserves the right, at its sole discretion, to modify, disable access to or discontinue, temporarily or permanently, any part or all of
this calculator or any information contained thereon without liability or notice to you.
3. As a user of the tax calculator, you acknowledge and agree that any reliance on or use by you of any information calculated or available
on it shall be entirely at your own risk. In no event shall SARS be liable for any direct, indirect, consequential or exemplary damages
arising from the use or the performance of the calculator.
Reference Number: ITC12_RO 2017.01.00 Page: 01/01
