Economy
Payslip deductions for top earners rise by Sh430,000
Wednesday January 24 2024
GRAPHIC | CHRISPUS BARGORETT | NMG
Kenya’s top earners are set to take an additional hit of up to Sh430,000 once all the new tax measures and levies introduced by the government over the past year are factored into their payslips.
The top earners, who are already subject to higher Pay As You Earn (PAYE) rates on income above Sh500,000 per month, are now set to cede significantly much more once the government starts levying the enhanced Social Health Insurance Fund (SHIF) at 2.75 percent of gross monthly pay.
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