How much tax for my bonus
By Marc Sevitz · Updated
If I'm getting a bonus at the end of the year that is on December from my company I'm working. How is my bonus tax calculated. Like my monthly gross is R7042. 35. And my bonus is same amount as my net salary R6809. 05. How my bonus be taxed?
Your total income for the year will be worked out with and without the bonus, the difference in tax between the two will be the tax on the bonus.