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)

Bonus Tax Calculator - updated for 2024/25 tax year
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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
Tax Deduction Table
R
Step 1: Annual salary = Monthly Salary x 12 = R24.0k x 12 = R288.0k
Step 2: Bonus + Annual Income = R40.0k + R288.0k = R328.0k
Step 3: Use the SARS tax deduction table to find out how much tax will pay without bonus and with bonus
Total IncomeTax payable
- based on the 2024/25 SARS tax deduction tables
- assuming your age is below 65
Step 4: Determine the tax on your bonus by subtracting the tax payable with bonus less the tax payable without bonus

Sources:

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