The PAYE (Pay As You Earn) tax is a system that South Africa uses to collect income tax from employed individuals. The tax is calculated as a percentage of an individual’s taxable income and is deducted from their salary by their employer. The PAYE system is also used to collect other taxes, such as the skills development levy and the unemployment insurance fund levy.
What is PAYE tax all about in South Africa?
PAYE tax in South Africa is calculated based on the employee’s taxable income. The tax is deducted from the employee’s salary at the end of each month. The amount of tax that is deducted depends on the employee’s tax bracket.
How is PAYE tax calculated?
PAYE tax in South Africa is calculated based on your income. The amount of tax you pay depends on your tax bracket. The tax bracket you fall into is determined by the amount of money you earn. The higher your income, the higher your tax bracket and the more tax you will pay.
