Budget 2024 – Rates of Tax for Individuals

​Taxable income (R)	​Rates of tax (R)
1 205 900	18% of taxable income
205 901 321 600	37 062 + 26% of taxable income above 205 900
321 601 445 100	67 144 + 31% of taxable income above 321 600
445 101 584 200	105 429 + 36% of taxable income above 445 100
584 201 744 800	155 505 + 39% of taxable income above 584 200
744 801 1 577 300	218 139 + 41% of taxable income above 744 800
1 577 301 and above	559 464 + 45% of taxable income above 1 577 300

2020 tax year (1 March 2019 29 February 2020)

No changes from the previous year:

​Taxable income (R)	​Rates of tax (R)
1 195 850	18% of taxable income
195 851 305 850	35 253 + 26% of taxable income above 195 850
305 851 423 300	63 853 + 31% of taxable income above 305 850
423 301 555 600	100 263 + 36% of taxable income above 423 300
555 601 708 310	147 891 + 39% of taxable income above 555 600
708 311 1 500 000	207 448 + 41% of taxable income above 708 310
1 500 001 and above	532 041 + 45% of taxable income above 1 500 000

2019 tax year (1 March 2018 28 February 2019)

2018 tax year (1 March 2017 28 February 2018)

​Taxable income (R)	​Rates of tax (R)
1 189 880	18% of taxable income
189 881 296 540	34 178 + 26% of taxable income above 189 880
296 541 410 460	61 910 + 31% of taxable income above 296 540
410 461 555 600	97 225 + 36% of taxable income above 410 460
555 601 708 310	149 475 + 39% of taxable income above 555 600
708 311 1 500 000	209 032 + 41% of taxable income above 708 310
​1 500 001 and above	​533 625 + 45% of taxable income above 1 500 000

2017 tax year (1 March 2016 28 February 2017)

​Taxable income (R)	​Rates of tax (R)
1 188 000	18% of taxable income
188 001 293 600	33 840 + 26% of taxable income above 188 000
293 601 406 400	61 296 + 31% of taxable income above 293 600
406 401 550 100	96 264 + 36% of taxable income above 406 400
550 101 701 300	147 996 + 39% of taxable income above 550 100
701 301 and above	206 964 + 41% of taxable income above 701 300

2016 tax year (1 March 2015 29 February 2016)

​Taxable income (R)	​Rates of tax (R)
​1 181 900	​18% of each R1
​181 901 284 100	​32 742 + 26% of the amount above 181 900
​284 101 393 200	​59 314 + 31% of the amount above 284 100
​393 201 550 100	​93 135 + 36% of the amount above 393 200
​550 101 701 300	​149 619 + 39% of the amount above 550 100
​701 301 and above	​208 587 + 41% of the amount above 701 300

2015 tax year (1 March 2014 28 February 2015)

​Taxable income (R)	​Rates of tax (R)
1 174 550​	​18% of each R1
​174 551 272 700	​31 419 + 25% of the amount above 174 550
​272 701 377 450	​55 957 +30% of the amount above 272 700
​377 451 528 000	​87 382 + 35% of the amount above 377 450
​528 001 673 100	​140 074 +38% of the amount above 528 000
​673 101 and above	​195 212 + 40% of the amount above 673 100

2014 tax year (1 March 2013 28 February 2014)

Taxable income (R)​	​Rates of tax (R)
1 165 600	​18% of each R1
​165 601 258 750	​29 808 + 25% of the amount above 165 600
​258 751 358 110	​53 096 + 30% of the amount above 258 750
​358 111 500 940	​82 904 + 35% of the amount above 358 110
​500 941 638 600	​132 894 +38% of the amount above 500 940
​638 601 and above	​185 205 + 40% of the amount above 638 600

Tax Rebates

22 February 2023 See changes from last year:

Tax Rebate​​			​​ ​Tax Year​ ​ ​ ​ ​
	2024	2023	​2022	2021​	​2020	​2019	​2018	2017	​2016	​2015
​Primary	R17 235	R16 425	​R15 714	​R14 958	​R14220	R14 067	​R13 635	​R13 500	​R13 257	​R12 726
​Secondary (65 and older)	R9 444	R9 000	​R8 613	​R8 199	R7794	​R7 713	​R7 479	​R7 407	​R7 407	​R7 110
​Tertiary (75 and older)	R3 145	R2 997	​R2 871	​R2 736	​R2601	​R2 574	​R2 493	​R2 466	​R2 466	​R2 367

Tax Thresholds

22 February 2023 See changes from last year:

​ Age			Tax Year​ ​ ​ ​ ​
	2024	2023	2022​	​2021	2020​	​2019	​2018	​2017	​2016	​2015
Under 65	R95 750	R91 250	​R87 300	​R83 100	​R79000	​R78 150	​R75 750	​R75 000	​R73 650	​R70 700
​65 an older	R148 217	R141 250	​R135 150	​R128 650	R​122300	​R121 000	​R117 300	​R116 150	​R114 800	​R110 200
​75 and older	R165 689	R157 900	​R151 100	​R143 850	​R136750	​R135 300	​R131 150	​R129 850	​R128 500	​R123 350