Mrs Ben has a taxable income of R220 000 for the year ended 28 February 2022.

Question

Calculate her tax per the tax table.
Work to the nearest Rand

Answer 1

According to the 2022/2023 tax tables for individuals below the age of 65 in South Africa, the tax rates are as follows:

Taxable Income (R) Rate of Tax (R)
0 - 216 200 18% of taxable income
216 201 - 337 800 38 916 + 26% of taxable income above 216 200
337 801 - 467 500 87 516 + 31% of taxable income above 337 800
467 501 - 613 600 140 160 + 36% of taxable income above 467 500
613 601 and above 195 008 + 39% of taxable income above 613 600

Mrs Ben's taxable income is R220 000, which falls within the first tax bracket.

Tax = R220 000 * 18% = R39,600

Therefore, Mrs Ben's tax payable per the tax table is R39,600.