| Resident Individual Income Tax Rates with effect from 1/7/2012 as per Finance Bill of 2012 | |
| Monthly Income | Tax Rate |
| Where total income does not exceed shs 170,000/= | NIL |
| Where total income exceeds shs 170,000/= but does not exceed 360,000/= | 14% of the amount in excess of shs 170,000/= |
| Where total income exceeds shs. 360,000/= but does not exceed 540,000/= | 26,600/= plus 20% of the amount in excess of shs 360,000/= |
| Where total income exceeds 540,000/= but does not exceed 720,000/= | Shs 62,600/= plus 25% of the amount in excess of shs 540,000/= |
| Where total income exceeds shs 720,000/= |
Shs 107,600/= plus 30% of the amount in excess of shs 720,000/= |
1. The monthly income include basic salary, overtime, bonus, commission, allowances e.g. house allowance or transport allowance and benefits in kind received in lieu of employment but after deducting the contribution to the approved retirement Fund (NSSF or PPF) 2. Threshold per annum: Income Shs 2,040,000 /= 3. Rates applicable to Zanzibar: The Minister may in consultation with the Minister responsible for finance of the Revolutionary Government of Zanzibar, determine the rates applicable in Tanzania Zanzibar |
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Tanzania Individual Income Tax Rates with effect from 1/7/2012
31
Jul
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