Accountant Christo Paxton said in a statement that while the personal income tax relief of R9.3bn was welcome, the difference it would make to taxpayers' pockets was limited.
About 40% of the tax relief went to South Africans earning below R250 000 a year.
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"When comparing an individual's tax liability who earns about R200 000 per year, the individual will have an additional R106 extra in their pockets every month.
"This barely covers the ever-rising cost of fuel and consumables."
A person earning around R700 000 annually would have an extra R370 in their pockets each month.
"This is not quite enough to compensate us for the effects of inflation," Paxton said.
Gordhan's budget increased the tax-free, lump-sum amount paid out of retirement funds from R315 000 to R500 000, in favour of lower income members who did not benefit from deductible contributions.
PwC tax consultant Avisha Gajadhar said this was a generous increase of 58.7%.
"However, the top bracket did not increase substantially in comparison - increasing from R945 000 to R1 015 000."
This amounted to a mere 19.6% increase.
"This is clearly in line with the government's continued efforts to encourage individuals to save for retirement, particularly those in the lower income brackets," Gajadhar said.