Zimbabwe Tax Calculators · Annual Reconciliation (ITF1)
Annual Income Tax Reconciliation (ITF1)
Combine all your annual income, allowances and deductions, apply the annual tax tables and credits, then compare to what was withheld through PAYE to see your refund or balance owing.
Annual figures
Pull these from your P6 (employer's tax certificate) and any other income sources.
Housing, transport, fringe benefits.
Rental, freelance, investment.
Deductions
Capped USD 5,400.
Credits & tax already paid
50% credit.
How the ITF1 builds up
1
Sum gross income
Salary + bonus + taxable allowances + other taxable income.
2
Apply allowable deductions
Pension (capped), NSSA, USD 700 bonus exemption.
3
Apply annual PAYE bands
The annual table is the monthly table × 12 (e.g. 0–1,200 at 0%, etc.).
4
Subtract credits
Medical-aid 50%, elderly USD 900, blind/disabled USD 900.
5
Compare to PAYE paid
If PAYE paid > final tax, you're due a refund. If less, balance is due with the return.
Annual PAYE bands (USD)
| Annual income | Rate | Deduct |
|---|---|---|
| 0 – 1,200 | 0% | — |
| 1,201 – 3,600 | 20% | 240 |
| 3,601 – 12,000 | 25% | 420 |
| 12,001 – 24,000 | 30% | 1,020 |
| 24,001 – 36,000 | 35% | 2,220 |
| 36,001 + | 40% | 4,020 |