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What does the budget do for me – 2014/2015 Tax Guide – Tax Calculator

The Budget provides for personal income tax relief of R9.25 billion for individual taxpayers.
Personal income tax brackets and rebates have been adjusted to give relief for the effect of inflation. The tax relief has been structured to benefit taxpayers who earn below R350 000 in
a year the most. Therefore, 56 per cent of the relief will go to those taxpayers and 30 per cent will go the taxpayers who earn between R350 000 and R750 000 a year. The amount an individual can earn before they are required to pay tax has been raised for the tax year that runs from 1 March 2014 to 28 February 2015.

However according to PwC, the tax relief is not enough to cover rising inflation.

Below you can download an easy to use Tax Calculator,  The pocket guide to the 2014/2015 tax year, as well as the full peoples guide to the 2014/2015 budget.

Tax20142015 Calculator

Pocket Guide

Peoples Tax Guide

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