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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