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Tuesday, April 15, 2008

Income tax and SRS

Click to enlarge
Did some income tax calculation and developed this chart as a result, something which I think would be good to share.
Some numbers, in particular, the SRS contribution amount for chart above:-
For chargeable income above $31,475, the SRS contribution amount is $11,475 (cap)
For chargeable income within the range of $20,001 - $31,474.90, the SRS contribution amount is in the range of $1 -$11,474.90 respectively.

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