Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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We raved and ranted over nothing......After carefully perusing the new law,it's clear that the deduction is six per cent of your monthly pay ,subject to a maximum of KSh 8,600 being the national average minimum wage.Thus,whether you earn 1M, 10M or 10K,deductions will be a maximum Kshs 512 up from Kshs 200.The same will be graduated in 5 instalments of 1.2% for 2014,2.4% in 2015,3.6% in 2016,4.8% in 2017 and finally 6% in 2018.......Who will pay for all the hats you chewed?lol Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/20/2008 Posts: 6,275 Location: Kenya
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 I'll ask my young tucks to explain how it'll affect them through an example say income of x shillings on 2014, 2015 etc. it seems they'll now find a reason not to send the usual monthly rations.... Heheheh
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Rank: Elder Joined: 6/23/2009 Posts: 14,360 Location: nairobi
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Its official.. Signed into law by H.E Kenyatta www.businessdailyafrica....2/-/kydfr5z/-/index.html COOP, IMH, KEGN, MTNU
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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That article by Edwin Mutai is so misleading.Maximum payable amount is Kshs 512 even if you earn a 10 figure salary. Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Njung'e wrote:We raved and ranted over nothing......After carefully perusing the new law,it's clear that the deduction is six per cent of your monthly pay ,subject to a maximum of KSh 8,600 being the national average minimum wage.Thus,whether you earn 1M, 10M or 10K,deductions will be a maximum Kshs 512 up from Kshs 200.The same will be graduated in 5 instalments of 1.2% for 2014,2.4% in 2015,3.6% in 2016,4.8% in 2017 and finally 6% in 2018.......Who will pay for all the hats you chewed?lol I have generally come to appreciate in 2013 that the Kenyan media ni buure kabisa. Fake reporting galore. They need to fully research their topics and at least read those bills they are very quick to headline!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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ecstacy wrote:Njung'e wrote:We raved and ranted over nothing......After carefully perusing the new law,it's clear that the deduction is six per cent of your monthly pay ,subject to a maximum of KSh 8,600 being the national average minimum wage.Thus,whether you earn 1M, 10M or 10K,deductions will be a maximum Kshs 512 up from Kshs 200.The same will be graduated in 5 instalments of 1.2% for 2014,2.4% in 2015,3.6% in 2016,4.8% in 2017 and finally 6% in 2018.......Who will pay for all the hats you chewed?lol I have generally come to appreciate in 2013 that the Kenyan media ni buure kabisa. Fake reporting galore. They need to fully research their topics and at least read those bills they are very quick to headline! Notice their over exergerration on the digital migration thing...i stopped relying on the media long time ago unfortunately many Kenyans believe in the press "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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does it mean the rates will be reduced from 200/- now to 8600x1.2%= 103/- from 2014? punda amecheka
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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In that case there was no need for debate ..the gava should have implemented yesterday. And the media guys need to be made aware they may kill many healthy Kenyans by presenting facts wrong way..I pity the owners of these houses..i.e. what are the told is it the truth or what we are told as well.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Njung'e wrote:We raved and ranted over nothing......After carefully perusing the new law,it's clear that the deduction is six per cent of your monthly pay ,subject to a maximum of KSh 8,600 being the national average minimum wage.Thus,whether you earn 1M, 10M or 10K,deductions will be a maximum Kshs 512 up from Kshs 200.The same will be graduated in 5 instalments of 1.2% for 2014,2.4% in 2015,3.6% in 2016,4.8% in 2017 and finally 6% in 2018.......Who will pay for all the hats you chewed?lol @Njung'e...please educate me,given say Salary of Ksh.50,000 how is it calculated?I have heard many people just saying 6%*Gross. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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streetwise wrote:In that case there was no need for debate ..the gava should have implemented yesterday. And the media guys need to be made aware they may kill many healthy Kenyans by presenting facts wrong way..I pity the owners of these houses..i.e. what are the told is it the truth or what we are told as well. Respond to posts No. 67 & 69 first, 0therwise you may have to pity an elderly wazuan before you pity the owners of media houses. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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