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How to work out how much tax you will pay on your bonus? (manually) Step 1. Determine your taxable income for the year by multiplying your monthly salary by 12 Step 2. Add your annual bonus to your taxable income Step 3. Using the SARS tax deduction tables for 2023/24, find out how much tax you will pay for your taxable income without bonus (as per step 1) and with bonus (as per step 2) Step 4 ...
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