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Tax with bonus?

Posted 12 December 2013

If you earn R5500 a month and in December you get bonus of R5500 as well as your pay for that month. How do you work out how much tax you pay.

TaxTim TaxTim says:
14 December 2013 at 9:41

There are two methods, the most common being that the bonus us added to the monthly income and applied against the tax tables which results in higher tax, but a refund when you file your return. Otherwise your employer will work out your average tax rate and apply it against the bonus.

Sniper says:
14 December 2013 at 9:53

How do I file a tax return?

TaxTim TaxTim says:
18 December 2013 at 9:07

You can begin the process by ?registering for SARS eFiling and following the simple steps to complete your return.

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