Financial Literacy Online
 
Menu
Financial Choices
Budgeting
Saving
Borrowing
Tax
Tax deductions
Need to fill in a return?
Insurance
Banking
Consumer Rights
Institutions
The Business Cycle

Site Map
Site Overview

Tax

When you earn income you get taxed by the Government. You will need to know which tax bracket you fall into and if you need to fill in a tax return.

5.1 Tax deductions
Firstly, it is important to remember that if you earn income from salaries or wages, or from interest on savings, you will have this income taxed...

5.2 Need to fill in a return?
The financial year covers the period 1 April to 31 March. If you received any other type of income aside from salary, wages, interest or dividends, during this period you must file an IR 3 return on an annual basis. ..