To calculate tax returns using SARS tax tables might sound like a difficult task, but with the online resources that are available to you, doing this is not that bad. You don’t even have to go to the SARS offices to do the tax tables; using efiling and the PAYE system, you can do all your submissions and tables online. With the tables, as this procedure is done normally on an annual basis, you will have to first choose the year of the tables you want and then you can work out the taxable income and tax rate with your own figures.
The quick tax calculator will also help you but when you need to calculate tax returns using SARS tax tables, use the correct tax table so that you get accurate results. The efiling and PAYE forms are available for download from the website, making submissions a lot easier for any company. The calculator can tell you the tax on your income on an annual or monthly basis; you just have to click the right boxes when filling in the forms. This can all be done by visiting the SARS offices, but why would you want to go through all that trouble and effort when there are online resources that allow you to do exactly the same thing from home or the office and get the same result?
SARS has made things easier for businesses, so they have no excuse to not have their tax returns done on time. It is a simple procedure, but it takes someone with experience to do it. It may be confusing for someone who has never done it before, but once you get the hang of it you will have your tax tasks done in a jiffy. Do some research and you will easily be able to calculate tax returns using SARS tax tables online.