Read the detailed information on the SARS Tax Calculator 2024-2025 How to get Tax Number Via SMS? – Tax Table in this article. The South African Revenue Service is the body that evaluates the tax collection in the country. As the tax return date for non-provisional taxpayers is approaching, you can check the details regarding the SARS tax calculator and the tax table here.
SARS Tax Calculator 2024-2025
You might be wondering how to calculate the tax and what is your tax-deductible income. The SARS tax calculator will help you once the Union Budget is presented and the tax-paying guidelines are laid out. The Government aims to implement the social and economic projects which are funded by the taxpayers.
Hence, it is necessary that we calculate our taxes accurately and file them timely. The tax that you shall pay will depend on your total taxable income and different tax slabs and your age. Read the article further to learn about your tax slab and how to calculate it.
What is SARS Tax?
SARS is the revenue service agency of the South African Government. The agency was founded in the year 1997. At present, Commissioner Edward Kieswetter looks over the work of the organization. This organization is mainly responsible for ensuring that all the taxes and customs are collected before the due date.
The officials also implement the rules under which the tax legislation will work. They are also in charge of the smooth trade of the customs facility. In the previous accounting year, the SARS collected a tax of ZAR 1598.5, which is inclusive of all the various taxes collected by the Central Government.
Union Budget Tax Updates
The details of the budget for the present financial year laid emphasis on the overall improvement in the economic value. This has also impacted the SARS tax in a manner that the citizens would be receiving tax benefits.
The major focus was made on the sectors such as Businesses and tax-free policies on Personal income. Unemployment Insurance Fund, Direct Benefit concerns, and more were focused on this year. In the official PDF of the Union Budget 2024, you will find the details of the SARS taxation.
SARS Tax Table 2024
The tax year for 2025 is from 1st March 2024 to 29th February 2025. The tax slabs have been changed under the Union Budget of this year. The updated SARS tax table for the year 2024-2025 has been presented below.
|
Income (R) |
Tax Rate (R) |
|
From 1 to 237100 |
18% |
|
Between 237101 and 370500 |
26% along with 42678 |
|
Between 370501 and 512800 |
31% along with 77362 |
|
Between 512801 and 673000 |
36% along with 121475 |
|
Between 673001 and 857900 |
39% along with 179147 |
|
Between 857901 and 1817000 |
41% along with 251258 |
|
More than 1817001 |
45% along with 644489 |
The trusts other than the special trusts will be liable to pay a tax of 45%. There are certain tax rebates as specified under the budget, which are as follows.
|
Rebate |
Amount (R) |
|
Primary |
17235 |
|
Secondary (For people aged 65 years and above) |
9444 |
|
Tertiary (For people aged 75 years and above) |
3145 |
How to get SARS Tax Number Via SMS?
With the help of the Government’s mobile tax services, you can now get access to various taxing services from your mobile. Do you want to know how to get your SARS tax number via SMS? We have got you covered. All you need to do is follow the below instructions.
- Firstly, check the correct mobile number from the leading portal of SARS or your tax filing documents.
- Then, you will have to open the dialer on your mobile.
- To start getting the services, dial *134*7277#
- A pop-up will appear on the screen with various options.
- Enter the number that is designated in front of the Tax reference number.
- To proceed, you will be asked to enter your Passport, asylum, or ID number.
- Upon the completion of these steps, you will receive a text message with your Tax number.
Apart from the tax number, you can also dial the above-mentioned number to access your account balance, for eBooking, or to know whether you are required to file a tax return or not. You can also use the SARS MobiApp to know the details about your account and taxes.