There are seven (7) tax rates in 2024. In 2024, the federal income tax rates consist of seven brackets:
Individuals with an annual taxable income falling within this bracket are taxed at a rate of 18%. Taxable income within this range is subject to a tax rate of 26%.
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Use our online income tax calculator designed for individuals to help you work out your estimated monthly take.
10%, 12%, 22%, 24%, 32%, 35% And 37% (There Is Also A Zero Rate).
The table above outlines the current income tax brackets and rates for the 2024 tax year.
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Tax Tables, Also Known As Tax Brackets, Are Tools Utilized By Sars To Indicate The Amount Of Tax Due By A Taxpayer Based On Income Received.
Years of assessment ending any date between 1 april 2024 and 31 march.