PAYE (Pay As You Earn)
- R 615
Unemployment Insurance Fund
- R 100
If you make
R 120,000 a year living in South Africa, you will be taxed R 8,580. That means that your net pay will be R 111,420 per year, or R 9,285 per month. Your average tax rate is 7.15% and your marginal tax rate is 19.00%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of R 100 in your salary will be taxed R 19.00, hence, your net pay will only increase by R 81.00.
R 1,000 bonus will generate an extra R 810 of net revenues. A R 5,000 bonus will generate an extra R 4,050 of net revenues.
Tax per income
NOTE* Deductions are calculated based on the tables of South Africa, 2020 income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.