2023 - 2024 SARS Tax Tables (Brackets)

2023 – 2024 SARS Monthly Income Tax PAYE Tables (Brackets)

New 2023 – 2024 SARS Monthly PAYE Income Tax Tables (Brackets): SARS Tax Tables and Brackets provide guidelines on how much tax you should pay. On this page, you will find 2023 – 2024 as well as the previous tax tables. Each year, SARS keeps on readjusting the tax brackets based on the economic status of South Africa. It is essential for every economically active individual, entrepreneurs, business managers, and accountants, need to know how much tax they should pay, based on the latest tax table provided by SARS.

SARS Income PAYE Tax Tables (Brackets) for 2023 – 2024

The latest SARS income tax table for the financial year 2023 – 2024 has been made available. It is important to note that SARS financial year starts in February and ends in February of the following year. By end of February each year, every business is obligated to submit their tax returns, while individuals need to submit their returns before October each year.

2024 tax year (1 March 2023 – 29 February 2024)

22 February 2023 – See changes from last year:

​Taxable income (R)​Rates of tax (R)
1 – 237 100 18% of taxable income
237 101 – 370 50042 678 + 26% of taxable income above 237 100
370 501 – 512 80077 362 + 31% of taxable income above 370 500
512 801 – 673 000121 475 + 36% of taxable income above 512 800
673 001 – 857 900179 147 + 39% of taxable income above 673 000
857 901 – 1 817 000251 258 + 41% of taxable income above 857 900
1 817 001 and above644 489 + 45% of taxable income above 1 817 000

Video: Reading Tax Tables in South Africa

Tax Brackets 2022 vs 2023

2023 tax year (1 March 2022 – 28 February 2023)

23 February 2022 – See the changes from the previous year:

​Taxable income (R)​Rates of tax (R)
1 – 226 00018% of taxable income
226 001 – 353 10040 680 + 26% of taxable income above 226 000
353 101 – 488 70073 726 + 31% of taxable income above 353 100
488 701– 641 400115 762 + 36% of taxable income above 488 700
641 401 – 817 600170 734 + 39% of taxable income above 641 400
817 601 – 1 731 600239 452  + 41% of taxable income above 817 600
1 731 601 and above614 192 + 45% of taxable income above 1 731 600

2022 tax year (1 March 2021 – 28 February 2022)

See the changes from the previous year:

​Taxable income (R)​Rates of tax (R)
1 – 216 20018% of taxable income
216 201 – 337 80038 916 + 26% of taxable income above 216 200
337 801 – 467 50070 532 + 31% of taxable income above 337 800
467 501 – 613 600110 739 + 36% of taxable income above 467 500
613 601 – 782 200163 335 + 39% of taxable income above 613 600
782 201 – 1 656 600229 089  + 41% of taxable income above 782 200
1 656 601 and above587 593 + 45% of taxable income above 1 656 600

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