Calculate your income tax for 2020 / 2021
Use our income tax calculator to work out your monthly take-home pay. We also have our team of accredited financial advisers ready to help you save on income tax.How old are you?
- Under 65
- Between 65 and 75
- Over 75
Note: Results do not cater for all scenarios and should be used as an indicator only. |
Yes. If you are working from home as a result of the lockdown due to the coronavirus pandemic, SARS allows some tax-payers to claim for some expenses as a deduction from their taxable income.
Do you want to know how? Learn more about claiming tax deductions while working from home.
Donate to a charity: You can donate up to 10% of your taxable income to a SARS registered charity and claim a tax deduction on this donation.
Join a medical aid scheme: Receive a fixed monthly tax credit for you as a primary member if you contribute to a Medical Aid. Get further credits for your first dependent and additional dependents.
Commission earnings: SARS will allow you to deduct all your business-related travel against your commission income if your commission income makes up more than 50% of your total income.
Save in a retirement plan: Retirement investments are tax-deductible up to a certain extent. Old Mutual has a variety of tried-and-tested retirement solutions to help you save on income tax. View our retirement products here.