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
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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
Step 4: Determine the tax on your bonus by subtracting the tax payable with bonus less the tax payable without bonus
| Total Income | Tax payable |
|---|---|
| - based on the 2024/25 SARS tax deduction tables - assuming your age is below 65 | |
Sources: