I worked for 6 months only and am 90 yrs of age how do they calculate the"equivalent rate?

By Marc Sevitz · Updated 26 June 2013

for income tax purposes how is an equivalent rate calculated if a person only works for6 months of the tax year

TaxTim Marc said:
26 June 2013 at 21:12

Each month your PAYE is calculated as if that month's income was earned each month for a full year. The total tax owing is then divided by 12. So if you only worked half a year you will be entitled to a refund when you submit your tax return.

Refund Calculator

Demmis said:
26 June 2013 at 21:14

Thanks Tim very kind of you.
regards

TaxTim Marc said:
26 June 2013 at 21:25

Only a pleasure!

Salary / IRP5

Deductions

Audit / Verification