Payslip deductions for prime earners rise by Sh430,000

GRAPHIC | CHRISPUS BARGORETT | NMG

Kenya’s prime earners are set to take an extra hit of as much as Sh430,000 as soon as all the brand new tax measures and levies launched by the federal government over the previous 12 months are factored into their payslips.

The highest earners, who’re already topic to greater Pay As You Earn (PAYE) charges on earnings above Sh500,000 monthly, at the moment are set to cede considerably way more as soon as the federal government begins levying the improved Social Well being Insurance coverage Fund (SHIF) at 2.75 % of gross month-to-month pay.

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