Quick glance at the 2011/2012 tax budget speech
Here is a quick glance at the tax budget speech of yesterday.
A more detailed summary will follow in March.
Tax table for individuals
Tax Tables 2012
Primary rebate (Under the age of 65) * R 10,755
Secondary rebate (The age of 65 >) * R 6,012
Additional rebate (The age of 75 >) * R 2,000
Under the age of 65 * R 59,750
The age of 65 > * R 93,150
The age of 75 > * R 104,261
Medical scheme contributions:
Annual cap for first two (2) members * R 720 pp
Annual cap – additional beneficiaries * R 440 pp
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