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WELCOME TO THIS PAGE INTENDED FOR STUDENTS AT THE UNIVERSITY OF THE WESTERN CAPE REGISTERED  FOR THE MODULE:

SARS 2010-2011 TAX TABLES

GRAPHICAL REPRESENTATION

NOTE:  R0 R57 000  :  NO TAX PAYABLE. (UNDER 65 years)

                            since TAXABLE INCOME = R57 000

SARS Income Tax Tables

1 March 2010 - 28 February 2011

Taxable Income

Tax Rate

R 0 - R 140 000

                                18%

R 140 001 - R 221 000

R 25 200 + (25% of amount above R 140 000)

R 221 001 - R 305 000

R 45 450 + (30% of amount above R 221 000)

R 305 001 - R 431 000

R 70 650 + (35% of amount above R 305 000)

R 431 001 - R 552 000

R 114 750 + (38% of amount above R 431 000)

R 552 001 and above

R 160 730 + (40% of amount above R 552 000)

Primary Rebate

R 10 260

 

 

Additional Rebate (Persons 65 and older)

R 5 675

 

 

CALCULATION USING OFF EQUATIONS (ROUGH ESTIMATE ONLY)

EXAMPLE 1:

TAXABLE AMOUNT = R200 000

TAX PAYABLE  =  R40 200, which is calculated thus:

        0.25 multiplied by 200 ( NB: which is in Thousands -  9.8

     = 50 9.8 = 40.2 ( in Thousands)

READING TAX OFF GRAPH (ROUGH ESTIMATE ONLY)

EXAMPLE 2

TAXABLE AMOUNT = R200 000

TAX PAYABLE = R40 000 (approximately)

EXAMPLE 3

Use the given equations in the tax graphs to verify the points of intersection A, B, C, D and E.

For  A (140 ; 25.2)

Now calculate B, C, D and E similarly.

 

  DESMOND DESAI, DMD EDU-HOME, 2010

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