Page 7 - GA Maclachlan Tax Guide 2024
P. 7
NATURAL PERSON TAX RATES: 28 FEBRUARY 2023
TAXABLE INCOME RATES OF TAX
R0 – R226 000 + 18% of each R1
R226 001 – R353 100 R40 680 + 26% of the amount above R226 000
R353 101 – R488 700 R73 726 + 31% of the amount above R353 100
R488 701 – R641 400 R115 762 + 36% of the amount above R488 700
R641 401 – R817 600 R170 734 + 39% of the amount above R641 400
R817 601 – R1 731 600 R239 452 + 41% of the amount above R817 600
R1 731 601 and above R614 192 + 45% of the amount above R1 731 600
Rebates: Natural persons 2023 2024 2025
Primary R16 425 R17 235 R17 235
Secondary (Persons 65 and older) R9 000 R9 444 R9 444
Tertiary (Persons 75 and older) R2 997 R3 145 R3 145
Thresholds: Natural persons 2023 2024 2025
Below age 65 R91 250 R95 750 R95 750
Age 65 to below 75 R141 250 R148 217 R148 217
Age 75 and over R157 900 R165 689 R165 689
Interest Exemption: 2023 2024 2025
Natural persons
Below age 65 R23 800 R23 800 R23 800
Age 65 and above R34 500 R34 500 R34 500
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