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The 2014/2015 budget speech was announced by Pravin Gordhan on 26 February 2014. This page details the insights, tax tables, tax guides and transcripts for the 2014/15 Budget Speech. Please click on the relevant quick link below.
> Check your tax (FREE salary tax calculator)
> New tax rates (tax tables)
> 2014 tax guide
> Budget speech highlights
> Budget Speech infographic
> Book a seat at our seminar
> 2014/15 budget speech commentary (article)
Want to know how the 2014/2015 Budget Speech affects your pocket? Try our online salary tax calculator, which was developed in line with the 2014 Budget Speech changes. You simply enter your current monthly salary and allowances to view what your tax saving or liability will be in the 2014/ 2015 tax year. You can also check out our mobi salary tax calculator on your smart phone. Simply go to m.taxcalc.pastelpayroll.co.za.
The rates of tax in respect of the 2014/2015 tax year are set out in the new tax tables, see below or click here.
|Taxable Income (R):||Rates of Tax:|
|0 – 174,550||18% of taxable income|
|174,551 – 272,700||R31,419 + 25% of taxable income above R174,550|
|272,701 – 377,450||R55,957+ 30% of taxable income above R272,700|
|377,451 – 528,000||R87,382 + 35% of taxable income above R377,450|
|528,001 – 673,100||R140,074 + 38% of taxable income above R528,000|
|673,101 and above||R195,212 + 40% of taxable income above R673,100|
|Monthly Medical Aid Tax Credits||Value|
|Each additional dependent||R172|
For an outline of the changes in the rates of tax as announced in the 2014 Budget Speech, download our tax guide.
The 2014 budget speech transcript gives a detailed account of the changes made in this year’s budget speech.
Ensure you are up-to-date with all the important payroll legislation changes announced in the annual Budget Speech by attending our informative morning seminar, presented by payroll tax expert, Rob Cooper.