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 |