Title What are the new PAYE tax brackets?
Description

The new rates are:


PAYE Tax Bands                                                                         Rate of Tax


On the First     Ksh 24,000 (288,000 p.a)                                           10%


On the next     Ksh 16,667 (200,000 p.a)                                           15%


On the next     Ksh 16,666 (200,000 p.a)                                           20%


On all income amounts in excess of Ksh 57,334 (688,000 p.a)              25%


Monthly personal Relief Ksh 2,400 (28,800 annually)


 


On pensions the new tax rates are:


Pension Tax Bands                                                                 Annual Tax Rates


Any amount in excess of tax free amounts:


On first Ksh 400,000                                                                          10%


On next Ksh 400,000                                                                          15%


On next Ksh 400,000                                                                          20%


On any amount in excess of Ksh 1,200,000                                           25%

Category Tax Laws (Amendment) Act 2020