How much tax do I pay on a quarterly performance bonus of R40 000.00 with a my salary being R23 000.

By Marc Sevitz · Updated 11 January 2016

Hero said:
9 January 2016 at 10:08

How much tax do I pay on a quarterly performance bonus of R40 000. 00 with a my salary being R23 000. 00

TaxTim Marc said:
11 January 2016 at 11:51

The performance bonus will be added to your salary and taxed at your marginal rate of tax per the tax tables.

Please use our SARS income tax calculator to work out total tax for the year that you will pay on your salary plus bonuses.

Salary / IRP5