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How much is tax for a bonus of R6841.08?

Posted 16 July 2014

We only get bonuses once a year, how are they taxed?

TaxTim Marc TaxTim Marc said:
16 July 2014 at 13:16

They are taxed at your average rate of income, so your employer will add up all your other income for the year, work out what the tax is then add the bonus and work out the tax and you will be taxed the difference. It therefore depends on the rest of your income.

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