Using different metrics Nerdville.co.za, in this post talk about the best tax calculator 2022 in South Africa. There are many online SARS tax calculators a registered taxpayer can use to calculate how much he/she would pay to the government.
Most of these tax calculators are free to use and even accessible online without requiring you to download any app or sign up for their services.
Top 5 Online Tax Calculators for 2022 in South Africa
Most of these calculators would help you calculate your income tax for the year. All you have to do is input all required fields.
These are the best calculators we recommend you to use in 2022 as a South African taxpayer or tax practitioner.
Easily use Taxtim’s tax calculator to figure out how much PAYE and UIF tax you will pay the South African Revenue Service (SARS) for the fiscal year alongside your taxable income and rates.
Calculate with Taxtim here.
Old Mutual has more options and you can either use their basic tax calculator or their advanced which has more options. The calculator would give you an estimate of your taxable income and rates based on your monthly/annual income, age, and so many others.
Calculate with Old Mutual here.
Sage has updated their calculator in line with the South African 2022/2023 budget. It makes it a lot more accurate than many of the other calculators out there. All you simply have to do is;
- Input your current monthly salary and allowances.
- Then, view what your tax-saving or liability will be in the tax/fiscal year.
Get started here
The Sanlam Income tax calculator is straightforward and easy to use. All you need to is choose your age group. The age groups are:
- < 24
- 25 – 34
- 35 – 49
- 50 – 64
- 65 – 74
- > 75
After choosing your age group, then you input your monthly taxable income and calculate.
You can use the Sasfin calculator tool to know your monthly income tax and the tax deductions available. With their tool, you can even compare it to last year’s monthly income tax and tax deductions.
You can use any of the tax calculators listed as every tax calculator has been updated in line with the South African 2022/2023 budget. They are all free to use as that’s one criterion NV’s Lethabo made sure of. You should go for the one that has the most options and we recommend Old Mutual. However, if you want something much easier to use go for Sanlam or Taxtim.
Get started with your taxes by first learning how to book an appointment with SARS.