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In
this section we'll be presenting tools that we think will help you to improve
productivity and efficiency in your organisation. We intend to develop this area fairly aggressively in the next few
months. In the pipeline are:
To
begin with, a very small application for our South African clients:
A
simple PAYE Calculator (zipped)
Now updated for 2004-2005
Self Extracting Zip File (exe)
Arising
from other work we've discovered that there is a need for a simple PAYE calculator
to answer the question "How much Tax should I pay?"
Revisions
to the Income tax Act now mean that all Closed Corporations and Limited Companies
need to be registered with South African Revenue Services (SARS) for PAYE
and SDL (Skills Development Levies).
Any payments to a director or member now require PAYE and SDL to
be deducted. How much tax? According to the legislation 35%, unless you get a Directive (IRP3)
from SARS. But in any case, as a
small employer, or as an individual you often need to calculate PAYE on
earnings. This small application does
just that.
** However, if you have a progressive, banded system it may work for you too**
SARSTaxCalc is a freeware program designed solely to answer the question "How much income tax must I pay?"
Income tax in South Africa is administered
and collected by the South African Revenue Services (SARS).
Income tax levels are set annually by the
Government and formally published as a booklet (more a doorstop) designated
IRP10. Usually a simplified set of
rules will be published in the local newspapers.
The rules are reasonably simple, but doing
the job manually does take time. You
can set the information up as a spreadsheet, assuming you have the skills
and the time. SARS also supply a (free!)
CD-ROM with a program to calculate your income tax return (IT12) - but for
our purposes this is overkill.
To calculate Income tax we require:
1. Your age (Under
or over 65),
2. What you earned
and
3. If you want
to take Pension Contributions into consideration.
That's all there is to it.
As this is freeware we've limited the tax
calculation to this tax year only(2003/2004).
However, next year you can update the calculation by changing the simple
text file containing the rules. We
tell you how to do this in the Help file of the application.
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