I got an annual bonus. How much tax do I pay?

Congrats. You got a bonus. Find out how much tax you will pay on your bonus with the Bonus Tax Calculator.

• the amount of tax you pay depends on your income tax rate
• for tax purposes, your bonus is added to your income
• the latest 2024-2025 tax tables are used & your age is assumed to be less than 65

Bonus tax calculator 2024/25 (1 March 2024 – 28 February 2025)

How to work out how much tax you will pay on your bonus? (manually)

• Step 1. Determine your taxable income for the year by multiplying your monthly salary by 12
• Step 2. Add your annual bonus to your taxable income
• Step 3. Using the SARS tax deduction tables for 2023/24, find out how much tax you will pay for your taxable income without bonus (as per step 1) and with bonus (as per step 2)
• Step 4. Determine the tax on your bonus by subtracting the tax payable with bonus less the tax payable without bonus

Sources:

• SARS Income Tax Return Guide
• SARS Tax Deduction Table