Effective 1st January 2018 new income tax brackets will come into effect for all salaried workers. The tax rates/percentages will remain steadfast with the highest tax rates at 30%. However, the different income/salary bands at which these tax rates will change, favoring the lower-income earners.
The new income brackets and new KRA PAYE tax rates used to calculate the net pay will be as follows :
Taxable Income | Tax Rate |
---|---|
KSh.0 – KSh.12,298 | 10% |
KES 12,999 – KES 23,885 | 15% |
KES 23,886 – KES 35,472 | 20% |
KES 35,473 – KES 47,059 | 25% |
KES 47,059 and above | 30% |
Read Also:
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- New KRA PAYE tax rates 2020
- What is this PAYE income tax calculator?
- What is the Personal Tax Relief?
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