Following the implementation of the Tax Laws, the Kenya Revenue Authority will provide tax relief on housing levy and SHIF contributions.
The 2024 Amendment Act A post-retirement medical fund contribution is one of the amounts that KRA states can be deducted from taxable employment income.
Beginning in December 2024, the modifications will be incorporated into the Pay As You Earn (PAYE) calculation.
“KRA has granted Kenyans a financial reprieve. The move which will be effected in December salaries will slightly ease the burden on employees. Housing levy and SHIF deductions will now be exempt from taxable income, boosting take-home pay. This follows the implementation of the Tax Laws (Amendment) Act, 2024.” Tuko.co.ke reports.
Here are the responses from Kenyans;
“And make prompt return of what you’ve been taking illegally.” Miregwa said.
“Even if this Kasongo #Rutoo appoints my Father to be a minister. #He must go to his destination Sogoi.” Ojakapel said.
“Even if Ruto appoints Mr John the Baptist,the journey to Sugoi is unstoppable.” Njoroge said.
“He’s soon introducing kasongo levy to Carter for the president’s air ticket when traveling abroad in search of jobs for hustlers’.” Owino said.
“Whether or not Kuna somewhere the government is going to win the current regime gives with right hand and takes twice with left hand.” Kariuki said.
“Fanyeni hivo haraka before mishahara iingie.Ata NSSF ikuwe reduced by half.” Dennis said.
“The ever cunning kasongo aka Vasco danganya aka Kanda uwongo man aka Mtukufu lies, the greatest hypocrite, looter and liar of all time, pretending that he cares about Kenyans yet we all know that NSSF will be going up to 6% come end of January.” Mwanzia said.
“This is why William Ruto is the best president in Africa.” Mike said.
By Newsmedi