Calculating tax using tax refund calculator is simple and easy. You just have to follow these steps.
- Gather your information like gross income, annuity, pension, donation, bussiness income, medical aid income, PAYE, and Provisional tax paid income etc.
- Enter your details into calculator.
- Then click “caculate refund”.
After review your refund, comapre it with SARS tax tables.
What Is a Tax Return Calculator?
Tax return calculator is a tool that is used to calculate tax returns. To understand this you first have to understand what a tax return is. The tax return is the tax document form that taxpayers have to complete and submit every year to SARS.
Well, this is ItR12 form which is the abbreviation of Income Tax Return for 12 months. It contains information about you, your taxes, and your financial situation. You submit this information for the whole 12 months to SARS. Keep in mind with this form SARS gets the information about your financial situation and taxes and confirms that everything is appropriate on their side and your side.
While using the Tax Return Calculator can give you a good estimate of your tax liability, you may also want to explore our Income Tax Calculator for a deeper understanding of your overall tax situation.
What Is a Tax Rebate?
Tax Rebate is the amount by which SARS organizations in Africa reduce the actual taxes based on certain factors. First SARS itself calculates the tax amount based on your income and expenses that you owe to them. Then after applying certain conditions, the amount is reduced
How To Calculate Tax Rebates?
Tax rebate is one of the most common rebates in the tax system of South Africa. The amount that is reduced annually is different for different levels. These levels are made based on your age.
- The primary rebate is for those who are under 65 years of age.
- Secondary rebate is for those who are between 65 and 75 years of age.
- For those who are over 75 years of age, there is this tertiary rebate for them.
Here is the table with the latest update of tax rebate values in South Africa. Remember there are no amendments made in the tax rebate values from the previous years by the government. They are the as they were in 2023
Tax Rebate 85_abc8a0-99> |
Tax Year 2025 85_fab492-a4> |
Tax Year 2024 85_e4e228-3d> |
Primary 85_d423c5-6b> |
R17 235 85_2b36de-71> |
R17 235 85_41b157-e0> |
Secondary(65 and older) 85_3f0afa-ac> |
R9 444 85_a60a49-f9> |
R9 444 85_bd336f-43> |
Tertiary(75 and older) 85_b68bc6-e5> |
R3 145 85_117be7-12> |
R3 145 85_bee8f7-17> |
FAQs
Keep in mind, when tax season opens on the first of July you must make sure to return your information to SARS and qualify for a rebate so that you can get a refund of your amount. Moreover, you can hire a professional specialist who is aware of all the rules and regulations that the South African government follows when it comes to tax. He will better provide you with personal guidance based on your situation.