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2. Personal income tax rates in South Africa, 2015/16 Taxable income Rand 0-181 900 181 901 284 100 284 101-393 200 393 201-550 100
2. Personal income tax rates in South Africa, 2015/16 Taxable income Rand 0-181 900 181 901 284 100 284 101-393 200 393 201-550 100 550 101-701 300 701 301 and above Use the table above to: R 32 742 R 59 314 R 93 135 R 149 619 R 208 587 Tax Payable 18% of each R1 +26% of the amount above R181 900 +31% of the amount above R284 100 +36% of the amount above R393 200 + 39% of the amount above R550 100 +41% of the amount above R701 300 A. Calculate income tax of an individual if income is R170 000 B. Calculate income tax of an individual if income is R350 000 (2) (3)
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Applying International Financial Reporting Standards
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