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What is "taxable income" on my payslip?

Posted 26 August 2013

On my payslip there is a huge amount called taxable income, what is it?
Do I owe SARS or is it owing me?

TaxTim Marc said:
27 August 2013 at 0:39

This is the figure representing your income earned (usually after some deductions) that SARS uses to calculate the Pay-As-You-Earn / PAYE tax that your employer pays over to SARS automatically on your behalf.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Deductions. Bookmark the permalink.

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