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Question
Posted by: Nto | 2007/04/17

HOW MUCH TAX ON THIS SALARY?????????????

Hi Guys

CAn you please maybe estimate for me how much tax i would pay on a R12000 Salary.


Thanks

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Our users say:
Posted by: Thuli | 2016/02/16

im earning R10000 how much is taxable

Reply to Thuli
Posted by: hendrik | 2016/01/05

how much tax must be deducted on my salary of R8000?

Reply to hendrik
Posted by: BOOKKEEPER | 2007/04/18

TO ?? now why dont we all give ??? a hand clap for being so
brilliant. Gee he pointed out a mistake . SATISFIED NOW???? Give it a rest will u.

Reply to BOOKKEEPER
Posted by: Nto | 2007/04/18

Thank you all so , so much

God Bless You

Reply to Nto
Posted by: ? | 2007/04/18

To BOOKKEEPER - is very sad that the truth hurts so much - at least I got the calculations right!!!!!

Reply to ?
Posted by: BOOKEEPER | 2007/04/17

TO ? who da hell wants a christmas card from u. Miscalc so whats the damn fuss. Accountants figures were close to what he was expected to pay. No big deal !!!
Well atleast NTO has an idea of what he should be paying.

Reply to BOOKEEPER
Posted by: Shae | 2007/04/17

If i smoked i'd need one now. This mathematical bickering appears to have had a strange effect on me............i think i like allot.

Reply to Shae
Posted by: CHILLED | 2007/04/17

ONE SIMPLE LITTLE QUESTION AND CHECK WHAT HAPPENS.....

Reply to CHILLED
Posted by: ACCOUNTANT | 2007/04/17

THANKS CA, I HAVE PEOPLE WHO WORKS OUT THESE MINOR CALCULATIONS. SO I DO NOT FEEL SO BAD ABOUT THIS TYPE OF ERROR, I AM CONCERNED WITH GREATER ISSUES THAN INCOME TAX FOR INDIVIDUALS. AND I THINK YOU DO AS WELL

Reply to ACCOUNTANT
Posted by: Chartered Accountant | 2007/04/17

I have reviewed the above and audited the results of the ACCOUNTANT'S calculation.

Based on my professional judgment, Amount of R1,698.75 can be accepted as reasonanle.

Reply to Chartered Accountant
Posted by: Trevor | 2007/04/17

Glad you are not my accountant.....! All this typos and all...

Reply to Trevor
Posted by: Trevor | 2007/04/17

Took you long enough! LOL

Reply to Trevor
Posted by: ? | 2007/04/17

Thank you for Trevor, luckyly neither accountant or bookkeepers' on my christmas list.

Reply to ?
Posted by: ACCOUNTANT | 2007/04/17

In the first one I made the calculation on R10 000 PER MONTH.
There was an typing error (R125 000 is not taxed at 18%)it is only the first R112 500, on the second one I did not rectify this error because I worked it out at R112500, So the first R112 500 (20250 TAX) PLUS R31 500 TAXED at 25% (7875) = R28,125 - REBATE(7740) = 20385.00/12 = R1,698.75
thus 112500 + 31500 = 144 000
Satisfied Trevor

Reply to ACCOUNTANT
Posted by: Trevor | 2007/04/17

or R120000

Reply to Trevor
Posted by: Trevor | 2007/04/17

And again I quote the so called accountant:

"The first R125 000 is taxed at 18%, thus(R20 250.00 TAX PAYABLE) plus the other R7500 is taxed at 25% thus (R1875.00 TAX PAYABLE). "

Your excuse is full of holes.... Glad you're not doing my tax!

Even if you did misread (as you claim), your tax calc is still very wrong. You then based your tax calc on R132500 instead of R125000.....


LOL

Reply to Trevor
Posted by: Trevor | 2007/04/17

my english sucks, but at least I can do the math.... LOL

Reply to Trevor
Posted by: Trevor | 2007/04/17

And what does the bookkeeper have to say???

Reply to Trevor
Posted by: Trevor | 2007/04/17

And what does the bookkeeper has to say???

Reply to Trevor
Posted by: ACCOUNTANT | 2007/04/17

Sorry, read quickly and saw R120 000 per year.
You will be paying on R12 000 PER MONTH
R20 250.00 + R7875.00 = R28,125.00 PER YEAR
MINUS REBATE (28,125.00 - 7740) = R20,385.00 TAX PAYABLE
DIVIDED BY 12 (20,385.00/12) = R1,698.75.00 TAX PER MONTH

Reply to ACCOUNTANT
Posted by: Trevor | 2007/04/17

Oh my G!

Now we have a bookkeeper and an accountant which cannot do basic math...


Just to demonstrate where the accountant failed:
I quote:
"
The first R125 000 is taxed at 18%, thus(R20 250.00 TAX PAYABLE) plus the other R7500 is taxed at 25% thus (R1875.00 TAX PAYABLE).
"
What about the rest of the R12000*12 = R144000
On his calcs you will only pay tax on R125000 + R7500 ?

Sounds good to only pay tax on R132500, but SARS will nail you in the end of the financial year for the other R11500 on which no tax were paid.



Reply to Trevor
Posted by: CHILLED | 2007/04/17

MY FIGURES ARE AS CALCULATED BY THE LATEST TAX TABLES IN PASTEL PAYROLL......

Reply to CHILLED
Posted by: BOOKKEEPER | 2007/04/17

NTO...u really need to visit your salary department and question the tax...Its impossible that u can be paying so much tax.
ACCOUNTANT is correct in his calcs.
Your company is nailing you...poor thing !!!

Reply to BOOKKEEPER
Posted by: ? | 2007/04/17

And he calls himself an ACCOUNTANT????? take a better look again....

Reply to ?
Posted by: Trevor | 2007/04/17

Trevor thinks the accountant must look at his calcs.... LOL

Reply to Trevor
Posted by: ACCOUNTANT | 2007/04/17

According to the 2007/2008 tax tables, and is assumed you are only receiving a basic salary, you will need to pay R1,198.75 PER MONTH. Calculaion is as follow. The first R125 000 is taxed at 18%, thus(R20 250.00 TAX PAYABLE) plus the other R7500 is taxed at 25% thus (R1875.00 TAX PAYABLE). Now you add these 2 (20,250.00 + 1875.00) = R22 125 TAX PAYABLE MINUS PRIMARY REBATE OF R7,740.00 = (22125.00-7,740.00) = R14385.00 TAX PAYABLE FOR THE YEAR. So you need to divide the 14385.00 payable by 12 (14385/12) = R1,198.75 TAX PAYABLE MONTHLY

Reply to ACCOUNTANT
Posted by: wanda | 2007/04/17

Trevor is right R1698.73

Reply to wanda
Posted by: CHILLED | 2007/04/17

SITE R247.35
PAYE R1490.44
UIF R116.62

INTO BANK ACCOUNT R10145.50

EXCLUDING MEDICAL AID AND PENSION DEDUCTIONS


Reply to CHILLED
Posted by: Nadine | 2007/04/17

Thanks Trevor Manual

Reply to Nadine
Posted by: Trevor | 2007/04/17

If you have other benefits like car allowance included in your package you should pay even less tax.

Reply to Trevor
Posted by: Trevor | 2007/04/17

Bliksem, you should rapport them to SARS.


On R12000 per month, you should only be paying R1698 !!!





Reply to Trevor
Posted by: Gee | 2007/04/17

You will pay anything between R2000 & R3000 depending on other deduction that are there, you won't pay above R3000.

Reply to Gee
Posted by: Nadine | 2007/04/17

Oh - I thought it was 40%.

Reply to Nadine
Posted by: sands | 2007/04/17

i get taxed 25% on R12000 which is R3000.00

Reply to sands
Posted by: Nadine | 2007/04/17

About R4000.00

Reply to Nadine

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