What is PAYE?
PAYE, or Pay As You Earn, is a tax system used in Kenya to collect income tax from employees. Employers are responsible for deducting a portion of their employees’ salaries and remitting it to the KRA. The amount of tax deducted depends on the employee’s earnings and current PAYE rates in Kenya, which are periodically updated.
Get the Latest Rates
Checkout our Payroll Solution
How to Use the Wingu PAYE Calculator
1. Enter Your Salary: Start by entering your gross or basic salary into the calculator. The tool accepts both monthly and annual inputs.
2. Apply Allowances and Deductions: If you have any tax-exempt allowances or deductions, the calculator allows you to factor them in for a more accurate result.
3. Calculate: Hit the calculate button, and the tool will provide a detailed breakdown of your tax, including how much PAYE is due.
4. Review: The results will show the exact tax payable, broken down according to KRA guidelines, ensuring you're compliant with PAYE rates in Kenya.
Why You Need a PAYE Calculator in 2024
The tax landscape changes regularly, and 2024 PAYE rates in Kenya may be different from previous years. Accurate calculations are essential for both employers and employees to ensure that the correct tax is withheld and reported to KRA. Errors in tax calculation can lead to compliance issues, penalties, and unnecessary stress.
Using a PAYE calculator like the one developed by WinguApps allows you to compute tax with confidence, factoring in the latest tax regulations. It’s a valuable resource whether you’re calculating gross salary, basic salary, or the total tax payable.
Key Features of the Wingu PAYE Calculator
1. Accuracy to the Decimal: The Wingu PAYE calculator follows the official KRA iTax guidelines, ensuring accurate and compliant tax calculations down to the last cent.
2. User-Friendly Interface: Even if you're not a tax expert, this calculator is easy to use. Simply input your gross or basic salary, and it calculates the PAYE due for you.
3. Updated PAYE Rates: Stay up to date with the most recent PAYE rates in Kenya for 2024. The calculator adjusts to reflect any changes in tax policy or rates throughout the year.
4. Versatile Calculations: Whether you're looking to calculate tax on a monthly or annual salary, for an individual or business, this tool covers all the bases.
