The Affordable Housing Levy Relief was not allowed when the Affordable Housing Levy deductions came into effect. However, the new KRA P10 Return files now accommodate this relief. Affordable Housing Levy Relief: All Resident Employees are entitled to Affordable Housing Levy Relief of 15% of their Contribution Maximum Relief Limit Per Year is 108,000 which…
DetailsThe Affordable Housing Levy Relief was not allowed when the Affordable Housing Levy deductions came into effect. However, the new KRA P10 Return files now accommodate this relief. Affordable Housing Levy Relief: All Resident Employees are entitled to Affordable Housing Levy Relief of 15% of their Contribution Maximum Relief Limit Per Year is 108,000 which…
DetailsWith 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…
DetailsWith 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…
DetailsImportant Note: This document is a guideline on how to update the New NSSF Contribution Rates from February 2024. 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. Steps: 1. Login into Paymaster with Administrative Rights…
DetailsImportant Note: This document is a guideline on how to update the New NSSF Contribution Rates from February 2024. 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. Steps: 1. Login into Paymaster with Administrative Rights…
DetailsImportant Note: Pay Master is ready with upcoming New Contribution Rates of NHIF (New Name SHIF – Social Health Insurance Fund). This document is a guideline on how to switch over to the New Contribution Rates once the Notification on effecting the same is Released. Please Consult your Tax Consultant before effecting this change. Make…
DetailsImportant Note: Pay Master is ready with upcoming New Contribution Rates of NHIF (New Name SHIF – Social Health Insurance Fund). This document is a guideline on how to switch over to the New Contribution Rates once the Notification on effecting the same is Released. Please Consult your Tax Consultant before effecting this change. Make…
DetailsFollowing changes which affects Payroll Needs to be implemented Effective from 01JUL2023. National Housing Development Levy (NHDL) Tax Slabs Change Important Note : 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. June 2023 & Prior Months. …
DetailsFollowing changes which affects Payroll Needs to be implemented Effective from 01JUL2023. National Housing Development Levy (NHDL) Tax Slabs Change Important Note: 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. June 2023 & Prior Months. National Housing…
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