With the implementation of Affordable Housing Act, 2024 (the Act), Note following changes which affects Payroll.
Contributions:
Employees are required to contribute 1.5% of their Gross Salary
Employers are required to contribute 1.5% of Employee’s Gross Salary
Affordable Housing Relief:
All Residential Employees are entitled to Affordable Housing Relief of 15% of their Contribution
Maximum Relief per Year Limit is 108,000 Kshs which equal to 9,000 Kshs Per Month
Note: Effective Date of Affordable Housing Relief is still not notified through a Gazette Notice at the time of sending this email, we kindly request customers to check with relevant Authorities and Auditors before effecting Affordable Housing Relief.
Affordable Housing Levy Act 2024 Effective From: March-2024
To Activate Affordable Housing Levy, follow below mentioned steps
Login to Pay Master Desktop
Navigate to Menu System –> System Settings
Click on More Settings –> Settings 5
To Activate Housing Levy, Tick Mark “Apply Affordable Housing Levy” & Set Required Rates/Values (By Default Values are already set.)
Note: Default Value for Affordable Housing Levy Relief is set to 15%, We request you to Set it to 0 % (Zero %) till the time it is Effected. Once Effected, you can set it back as per the Gazette Notice.
Click On Ok on all the screens which opened to Save the Settings
Now Log out and re-Login again
Ensure that Employees are Applicable to Affordable Housing Levy, from Employee Information screen as demonstrated in following screenshot
There is Bulk Update Option Provided Under Menu System à Settings à Employee Settings as well
Now you can Auto Calculate Payroll Again and check Payslip to confirm the Deductions
If you wants to show Affordable Housing Levy Relief on Payslip, then set it from Payslip Designer Page
Important Notes:
Make Sure Previous Years & Months are closed before making these Changes
After making these changes No Auto Calculation of previous Months should be done i.e., Prior Months.
If Assistance required, kindly get in touch with us on following support Lines Telephonic Support : +254 709 970 221/222/223/224/225/226/229 Email Support : support.ke@endeavourafrica.com
