THE INDIVIDUAL TAX RATES UNDER THE FIRST SCHEDULE OF INCOME TAX ACT 2004 HAVE BEEN AMENDED

WITH EFFECT FROM 1ST JULY 2012

THE NEW RATES EFFECTIVE 1ST JULY 2012 MONTHLY INCOME Where Income does not exceed Tzs 170,000 Where such Income exceeds Tzs 170,000 but does not exceed Tzs 360,000 Where such Income exceeds Tzs 360,000 but does not exceed Tzs 540,000 Where such Income exceeds Tzs 540,000 but does not exceed Tzs 720,000 Where such Income exceeds Tzs 720,000 14% of the amount in excess of Tzs 170,000 Tzs 26,600 plus 20% for the amount in excess of Tzs 360,000 Tzs 62,600 plus 25% for the amount in excess of Tzs 540,000 Tzs 107,600 plus 30% for the amount in excess of Tzs 720,000 Nil RATE PAYABLE

Sign up to vote on this title
UsefulNot useful