Income Tax Calculator

INCOME

Current Age: *

Monthly Salary:

This is the salary received from your employer.

Other Monthly Income:

This includes taxable interest earned, rental income and any other monthly income that you have received, other than the amount inserted under 'Monthly Salary' above.

Deduction against other income:

An example of a deduction would be an expense that you had to produce the OTHER MONTHLY INCOME like rental income. For example, if you have received R15 000 in rental income but you had expenses of R1000 to produce this income. The R1 000 would qualify as a deduction.

Taxable Capital Gain:

This is the total of all proceeds from the disposal of all capital assets less the base costs, any exclusions, losses and the annual exclusion (currently R40 000) and multiplied by the inclusion rate of 40%.

Retirement Savings & Risk Benefits (optional)

Pension and Provident Fund Contribution (if any):

This is your monthly contribution to a pension and provident fund. Do not include your employer's contribution.

RA Contribution (if any):

Employer contribution % to risk benefits:

What is your employer's contribution to unapproved risk benefits? Unapproved risk benefits are those benefits that are provided outside of your retirement fund.

Employer contribution % to retirement funds:

What is your employer's contribution to retirement annuity, provident fund or pension fund.

Medical Expenses (optional)

Medical Aid Contributions:

The monthly contribution charged by your medical aid scheme.

Out of Pocket Expenses:

The average monthly amount you spend on medical expenses not covered by your medical aid.

Number of Dependants:

The number of people registered as dependents on your medical aid.

Are you or any of your dependants disabled?

* Required fields