South Africa Income Tax Calculators 2018/19





※ Download: Income tax calculator 2018-19 in excel


Hi Sadique, Nice to have stumbled on your tool. Telephone reimbursements — In some of the cases, companies may provide a component for telephone bills. Up to last year, taxpayers were paying 3% health and education cess on tax. It is simple excel based calculator specially made for salaried people.


The Income Tax calculator in Excel is very useful in calculating the Income tax. In Budget 2017, the finance minister has made little changes to this. Select a specific Income Tax Calculator to calculate your salary deductions based on your income period.


South Africa Income Tax Calculators 2018/19 - For Men Upto Rs. One would need to compute income tax on the arrears if it would have been received in actual year.


Budget 2018 has made some changes to Income tax for individual. Changes in Income Tax Rules: 1. No Change in Income Tax Slabs 2. This will marginally increase income tax for every tax payer. Standard Deduction of Rs 40,000 to Salaried and Pensioners. However transport allowance Rs 19,200 per annum and medical reimbursement of Rs 15,000 has been abolished. So the net benefit for salaried would be Rs 5,800 only bringing marginal relief. Medical expenses will see increased tax benefits for senior citizens. But I have taken an personal loan for my business startup but my hard luck the business was not in profit after three years. So that y I have taken personal loan. And I pay from salary 29 thousand another house hold appliances loan is also going on up to 12000. So total I pay 41 thousand per month. And tax is also deducted. So can you help me I this way.

 


Download : Any bank branch may utilize the services of this Income Tax Calculator to automatically generate the Earning Record along with Form 16 for any number of employees at bank branches. Also Read — I hope this Income Tax calculator will be useful to you. Individual Form 16 Part B generation, useful for the small size firms. Cess on the Income Tax has been increased to from 3% to 4% 4. Tax reduced from 10% to 5% for Income from Rs 2,50,000 — Rs 5,00,000 leading to tax saving of up to Rs 12,500. This part would become non taxable on providing original bills. Can you please add monthwise salary template which you had previousely. So the net benefit for salaried would be Rs 5,800 only bringing marginal relief. This calculator is very useful for Employees of Government and private sectors mainly Banking sectors.