Finance Minister Trevor Manuel has unveiled personal tax cuts totalling R7.7-billion across all income brackets in the Budget for the 2008-09 financial year. Have a look at our tax table to see how much you will be saving.
» Tax calculator: What are you saving?
PROPOSED 2008-09 PERSONAL INCOME TAX ADJUSTMENTS
Taxable income (R) Rates of Tax
R0-122,000 18% of each R1
R122 000 - R195 000 R21 960 + 25% of the amount above R122 000
R195 001 - R270 000 R40 210 + 30% of the amount above R195 000
R270 001 - R380 000 R62 710 + 35% of the amount above R270 000
R380 001 - R490 000 R101 210 + 38% of the amount above R380 000
R490 001 and above R143 010 + 40% of the amount above R490 000

CURRENT 2007-08 PERSONAL INCOME TAX RATES AND BRACKETS
Taxable income (R) Rates of Tax
R0-112,500 18% of each R1
R112 501- R180 000 R20 250 + 25% of the amount above R112 500
R180 001 - R250 000 R37 125 + 30% of the amount above R180 000
R250 001 - R350 000 R58 125 + 35% of the amount above R250 000
R350 001 - R450 000 R93 125 + 38% of the amount above R350 000
R450 001 and above R131 125 + 40% of the amount above R450 000