Statistics Act, 1999
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)Rates of Normal Tax - 2013Paragraph 1 |
| 1. | The rate of tax referred to in section 2(1) of this Act to be levied in respect of the taxable income (excluding any retirement fund lump sum benefit, retirement fund lump sum withdrawal benefit or severance benefit) of any natural person, deceased estate, insolvent estate or special trust (other than a public benefit organisation or recreational club referred to in paragraph 4) in respect of any year of assessment commencing on 1 March 2013 is set out in the table below: |
|
Taxable income |
Rate of tax |
|
Not exceeding R165 600 |
18 per cent of taxable income |
|
Exceeding R165 600 but not exceeding R258 750 |
R29 808 plus 25 per cent of amount by which taxable income exceeds R165 600 |
|
Exceeding R258 750 but not exceeding R358 110 |
R53 096 plus 30 per cent of amount by which taxable income exceeds R258 750 |
|
Exceeding R358 110 but not exceeding R500 940 |
R82 904 plus 35 per cent of amount by which taxable income exceeds R358 110 |
|
Exceeding R500 940 but not exceeding R638 600 |
R132 894 plus 38 per cent of amount by which taxable income exceeds R500 940 |
|
Exceeding R638 600 |
R185 205 plus 40 per cent of amount by which taxable income exceeds R638 600 |
