Medical Practitioner Resources

Income Tax Table

In order for your healthcare facility to adhere to the tax laws relevant to it, you can consult the tax table below to
see in which bracket your facility falls.

Taxable Income Tax Rate

Taxable income Tax rate
R 0 – R 195 850 18%
R 195 851 – R 305 850 R 35 253 + (26% of amount above R 195 850)
R 305 851 – R 423 300 R 63 853 + (31% of amount above R 305 850)
R 423 301 – R 555 600 R 100 263 + (36% of amount above 423 300)
R 555 601 – R 708 310 R 147 891 + (39% of amount above R 555 600)
R 708 311 – R 1 500 000 R 207 448 + (41% of amount above R 708 310)
R 1 500 001 and above R 532 041 + (45% of amount above R 1 500 000)
Primary Rebate R 14 076
Secondary Rebate (Persons 65 and older) R 7 713
Tertiary Rebate (Persons 75 and older) R 2 574

Interest exemptions

Person younger than 65 R23 800
Person 65 and older R34 500

Medical tax credit rates

For the taxpayer who paid the medical scheme contributions R310
For the first dependant R310
For each additional dependant(s) R209

Small business corporations

Financial years ending on any date between 1 April 2016 and 31 March 2017:

R0 – R78 150 0% of taxable income
R78 151 – R365 000 7% of taxable income above R78 150
R365 001 – R550 000 R20 080 + 21% of taxable income above R365 000
R550 001 and above R58 930 + 28% of the amount above R550 000

 

 

VIEW TAX TABLES