Mr. Desai, a widower retired from Man Ed Ltd on 30 September 2022 as he has reached the age of 65 years. Upon his retirement he had received the following income for the year of assessment: A watch, that the company had paid R5 000 for. This was awarded in appreciation of the long service he had given to the company. As per the agreement in his employment contract, Mr Desai continued to receive a salary of R25 000 per month for the entire current year of assessment. Dividends of R18 000 was received from a company based in Germany which was listed on the Johannesburg Stock Exchange (JSE). Mr Desai owns a rent producing property which earns rent of R3 500 per month, in addition to this he has incurred maintenance expenses of R16 000 (allowable deduction) during the year of assessment. Dividends of R70 000 which was received from a South African company for the year. He received interest of R33 000 from a local bank, this was from a fixed deposit he held at the bank. Mr. Desai had the following expenses during the year of assessment: A contribution of 8% of his salary to a pension fund. A provisional tax payment of R17 000 was made on 31 August 2022.

Required: Calculate the tax payable for Mr. Desai for the 2023 year of assessment.