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R351,000.00 Salary Income Tax Calculation

✔ Complete income tax calculations and salary example for R351,000.00 salary per annum


This income tax calculation for an individual earning R351,000.00 per annum is provided to allow you to compare salaries and understand the tax and payroll deductions that are applied during the 2018/19 tax year.

The R351,000.00 salary income tax calculation uses default setting to illustrate Medical, Pension and PAYE deductions. You can also produce your own bespoke income tax calculation by entering your own income and expenditure for 2018/19 in the South Africa Income Tax Calculator.

This salary and tax examples provides an overview of salary deductions followed by the details of the calculations and explanation of how income tax is calculated and deducted from your salary. Our aim is to make the tax calculation transparent so you can clearly understand how your tax, salary deductions and contributions are calculated.

R351,000.00 Salary Example

R351,000.00 Income Tax Calculations for 2018
Yearly%1Salary/Tax Component
R351,000.00100.00%Employment Income
R351,000.00100.00%Gross Income
R96,525.0027.50%Retirement Funds
R351,000.00100.00%Taxable Income
R13,635.003.88%Tax Rebate
R62,434.2017.79%Income Tax Due
R62,434.2017.79%Total Deductions
R288,565.8082.21%Net Pay
R3,510.001.00%Employer Contribution to Risk Benefits
R5,265.001.50%Employer Contribution to Retirement Funds
R359,775.00102.50%Salary Package [Cost of Employee]

1 Percentage expressed in relation to Gross Income [R351,000.00].

R351,000.00 PAYE Calculation

Pay As You Earn (PAYE) is calculation based on the amount you earn. PAYE is tax on a threshold basis with different rates applied depending on your income. The table below shows a PAYE calculation for a R351,000.00 per annum salary.

South Africa PAYE Calculation 2018/19
R351,000.00 Taxable Income in 2018
-R0.00 Taxable amount due in within R0.00 - R189,880.00 income tax threshold (18%)
-R41,891.20 Taxable amount due in within R189,880.00 - R296,540.00 income tax threshold (26%)

=R76,069.20 Income tax calculation within thresholds in 2018
-R13,635.00 Income Tax Rebate in 2018

=R62,434.20 Income tax due in 2018

Medical Tax Credits Example

The example below shows how medical tax credits and deductions are calculated in 2018/19 tax year

South Africa Medical Tax Credit Calculation 2018/19
R3,636.00 Medical Tax Credit for taxpayer and first dependant in 2018

=R2,448.00 Medical Tax Credit in 2018
Medical Out of Pocket Expenses Credit Calculation 2018/19 (Under 65)
R0.00 Medical Aid Contributions in 2018
- R9,792.00 4 times Medical Tax Credit in 2018

=R0.00 Transposable Medical Aid Credit in 2018
+R0.00 Medical Out of Pocket Expenses in 2018

=R0.00 Transposable Medical Aid Credit in 2018
- R26,325.00 7.5% of taxable income

=R0.00 Transposable Medical Aid Credit in 2018
÷4 Compute amount


=R0.00 Medical Out of Pocket Expenses Credit in 2018

Note: Medical tax credit amounts can vary depending on the number of months that a taxpayer and dependants are members of a medical fund.

Employer Payroll Costs

Employers payroll costs are not limited to the core annual salary, in this instance R351,000.00 per annum. Employers also have additional tax and contributions costs including medical contributions and pension contributions. The calculation below illustrates the total cost of employment for an individual employee earning R351,000.00 per annum

Employer Contribution to Risk Benefits Calculation 2018/19
R351,000.00 Annual Salary
x1% Employer Contribution to Risk Benefits %

=R3,510.00 Employer Contribution to Risk Benefits in 2018
Employer Contribution to Risk Benefits Calculation 2018/19
R351,000.00 Annual Salary
x1.5% Employer Contribution to Retirement Funds %

=R5,265.00 Employer Contribution to Retirement Funds in 2018
Employer Total Cost of Employment Calculation 2018/19
R351,000.00 Annual Salary
+R3,510.00 Employer Contribution to Risk Benefits in 2018
+R5,265.00 Employer Contribution to Retirement Funds in 2018

=R359,775.00 Employer Total Cost of Employment in 2018

Disclaimer: whilst we aim for 100% accuracy in our payroll, tax and salary calculations we make no guarantee as to the accuracy of the information herein. This tool is provided free of charge to support those who are looking at alternate salaries or to improve the knowledge and understanding of income tax in South Africa, it is not a 100% accurate tax return or tax refund calculation. If however you do spot a mistake in our calculations, the rates or thresholds used, please get in touch. Whilst we make no guarantees on the accuracy on the tax calculations, we do aim to be 100% accurate. This position allows us to support our community without any unnecessary grumpiness or actions from legal folk.