What is a pay-as-you-earn calculator?
This calculator computes the new PAYE plan’s monthly installments and estimates the overall payments. It applies the new rates, which are 1,080 Kenyan shillings for the National Security Social Fund (NSSF) and 500 Kenyan shillings for self-employed and volunteer workers, but it also varies with employed people based on their monthly income. A basic wage of 24,000 Kenyan shillings or more is considered taxable. A system called the revised “pay as you earn” calculator was created to help people keep track of the taxes they owe and guarantee that everyone in the system pays the appropriate amount of tax. It involves a few easy steps;
Enter your salary, and the revised PAYE calculator will automatically produce a salary after tax. Optional, Change the number of days you work per week per year and the number of hours you work per week to allow various rates and allowances to be split for viewing in line with your employment contract in Kenya.
The revised PAYE calculator has the advantage of supporting numerous payroll calculations as well as infinite benefits and salary deductions. Just get in touch with us and let us know what you need if there are any particular income-related Kenyan allowances or deductions that are missing from the revised PAYE calculator. To support the Kenyan community, we constructed it.