Income Tax Brackets 2024 South Africa. If you are 65 to below 75 years old, the tax threshold (i.e. Tax rates are proposed by the minister of finance in the annual budget speech and fixed or passed by parliament each year.

If your income exceeds the tax thresholds, then you will need to register as a tax payer with sars. For individuals and sole proprietors, the threshold is r95 750, if you are younger than 65 years.