This tool will help you calculate and compare your monthly income tax based on the latest available tax tables and the previous year's tax tables, taking into account the most common income sources and deductions. Planning for your finances requires the expert help of a financial adviser. It is important that you discuss the impact of the budget announcements on your finances with your financial adviser before you make any financial decisions based on it.
Whilst all reasonable endeavors have been taken by Discovery to ensure the accuracy of the tax calculations inherent in this Personal Income Tax Calculator ("this tool"), this tool does not in any way whatsoever purport to provide advice as defined in the Financial Advisory and Intermediary Services Act 38 of 2002 ("the Act"). Any user of this tool must seek expert advice from a financial adviser duly registered under the Act. Discovery cannot guarantee the accuracy of the results of calculations provided since minimum information is utilized. It is the obligation of the user to supply information that is accurate and placed within the relevant fields. Discovery will not be liable to any user for any loss or damage arising from the use of this tool. Discovery's User Agreement must also be accepted by any user of this tool. The link to the User Agreement is: https://www.discovery.co.za/portal/individual/terms-and-conditions