Wazua
»
Investor
»
Economy
»
New Tax Bands by KRA
Rank: Hello Joined: 12/8/2014 Posts: 4
|
Current tax brackets - http://www.calculator.co...-income-tax-calculator/ as per the Kenya Revenue Authority PAYE Guide of 2009.
|
|
|
Rank: Elder Joined: 6/8/2013 Posts: 2,517
|
Chaka wrote:When was the last time the 'personal relief' was revised?
The Kshs1,162 is a joke.What is the relief based on? our tipping culture  you (KRA ) take a sumptuous dinner and give the waiter a tip (waiver ) "ππ‘KQ makes money for everyone except the shareholder ππ " overheard in Wazua
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
Njung'e wrote:@Fuchu, I dug this.... BD LinkLow income group looks like the beneficiary......and the 30% tax apply at 60K....Hell...!!Anyone earning below 200K does not deserve to pay this 30%. "30% tax apply from 60k" Was this mere optimism? The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
Chaka wrote:When was the last time the 'personal relief' was revised?
The Kshs1,162 is a joke.What is the relief based on? The amount of relief is related to tax brackets structure and more so the minimum taxable income which is about 10*1,162/=. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
Njung'e wrote:@Fuchu, I dug this.... BD LinkLow income group looks like the beneficiary......and the 30% tax apply at 60K....Hell...!!Anyone earning below 200K does not deserve to pay this 30%. I ncome Groups:Old &New Classification. Lower Income, New: 0 -23,671 Old: 0 - 10,000 Middle Income, New: 23,672-119,999 Old: 10,001- 40,000 Upper Income, New: > 120,000 Old: > 40,000 The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
jerry wrote:Njung'e wrote:@Fuchu, I dug this.... BD LinkLow income group looks like the beneficiary......and the 30% tax apply at 60K....Hell...!!Anyone earning below 200K does not deserve to pay this 30%. I ncome Groups:Old &New Classification. Lower Income, New: 0 -23,671 Old: 0 - 10,000 Middle Income, New: 23,672-119,999 Old: 10,001- 40,000 Upper Income, New: > 120,000 Old: > 40,000 wef when? is the tax going to lower? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
|
Boris Boyka wrote:jerry wrote:Njung'e wrote:@Fuchu, I dug this.... BD LinkLow income group looks like the beneficiary......and the 30% tax apply at 60K....Hell...!!Anyone earning below 200K does not deserve to pay this 30%. I ncome Groups:Old &New Classification. Lower Income, New: 0 -23,671 Old: 0 - 10,000 Middle Income, New: 23,672-119,999 Old: 10,001- 40,000 Upper Income, New: > 120,000 Old: > 40,000 wef when? is the tax going to lower? Any tax expert in the house? You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
XSK wrote:Boris Boyka wrote:jerry wrote:Njung'e wrote:@Fuchu, I dug this.... BD LinkLow income group looks like the beneficiary......and the 30% tax apply at 60K....Hell...!!Anyone earning below 200K does not deserve to pay this 30%. I ncome Groups:Old &New Classification. Lower Income, New: 0 -23,671 Old: 0 - 10,000 Middle Income, New: 23,672-119,999 Old: 10,001- 40,000 Upper Income, New: > 120,000 Old: > 40,000 wef when? is the tax going to lower? Any tax expert in the house? The basic understanding is that the lower income earners will gain. For the top earners this will largely depend on tax rates. Should we retain the tax rates of 10%, 15%, 20%, 25% & 30% everyone gains. However if a higher tax rate of say 40% is introduced, this may drain some portion of higher income earners' cash position depending on what fraction of their income falls in the revised highest band. Time is money, so money is time. Money saved is time gained in reverse! Money stores your lifeβs energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
Boris Boyka wrote:jerry wrote:Njung'e wrote:@Fuchu, I dug this.... BD LinkLow income group looks like the beneficiary......and the 30% tax apply at 60K....Hell...!!Anyone earning below 200K does not deserve to pay this 30%. I ncome Groups:Old &New Classification. Lower Income, New: 0 -23,671 Old: 0 - 10,000 Middle Income, New: 23,672-119,999 Old: 10,001- 40,000 Upper Income, New: > 120,000 Old: > 40,000 wef when? is the tax going to lower? If you open the link there is no indication of the story timeline. However it's like the plan was shelved along the way. The opposite of courage is not cowardice, it's conformity.
|
|
|
Wazua
»
Investor
»
Economy
»
New Tax Bands by KRA
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|