Budget Speech 2015-2016 and new tax tables

Feb 24 2015
South African Budget 2015 - 2016

The 2015/2016 South African Budget Speech was presented by the Minister of Finance, Nhlanhla Nene on Wednesday, 25 February 2015. View our online calculator after the budget speech to see how it affects your tax compared to last year.

Calculate tax with our comprehensive online tax calculator.

Below are the 2015 South African tax tables, as released on 25 February 2015. Download the 2015 Tax Pocket Guide at the bottom of the page.

For a payroll with all the latest tax tables for South Africa and other countries, give our online payroll PeopleWeb a try!

Individuals and special trusts

Taxable Income Rate of Tax (R)
0 - 181 900 18% of taxable income
181 901 – 284 100 32 742 + 26% of taxable income above 181 900
284 101 – 393 200 59 314 + 31% of taxable income above 284 100
393 201 – 550 100 93 135 + 36% of taxable income above 393 200
550 101 – 701 300 149 619 + 39% of taxable income above 550 100
701 301 and above 208 587 + 41% of taxable income above 701 300

Tax Rebates

Rebate  
Primary R13 257
Secondary (Persons 65 and older) R 7 407
Tertiary (Persons 75 and older) R 2 466

Tax Thresholds

Age Tax Threshold
Below age 65 R73 650
Age 65 to 75 R114 800
Age 75 and over R128 500