Complete Guide on Payroll in Kenya
Introduction Payroll management is a critical function for businesses to ensure employees are paid accurately and on time. In Kenya, […]
Finding the Right Loans App in Kenya for Your Financial Needs in 2024
In recent years, the financial landscape in Kenya has experienced a significant transformation, largely driven by the rapid adoption of
T-pay
T-Pay in Kenya is an online platform provided by the Teachers Service Commission (TSC) to facilitate various services for teachers,
Gross Pay vs. Net Pay: Definitions and Examples
Understanding the difference between gross pay and net pay is essential for both employers and employees. Gross pay and net
Base salary
“Base salary,” also known as “base pay,” is the fixed amount of money paid to an employee by their employer
Basic Monthly Salary
The term “basic monthly salary” refers to the fixed amount of money that an employee receives from their employer each
Salaries and Remuneration Commission (SRC)
The Salaries and Remuneration Commission (SRC) is an independent constitutional commission established under Article 230 of the Constitution of Kenya,
Service Gratuity
Definition and Overview Service Gratuity is a lump sum payment made to an employee upon the termination of their employment,
Pay As You Earn (PAYE)
Pay As You Earn (PAYE) is a method of income tax collection in which an employer deducts tax from an
how to pay salary advance loan
Navigating through the process of paying for a salary advance loan can be straightforward if you’re equipped with the right
A Scale of Salary
A scale of salary, often referred to as a salary scale or pay scale, is a structured system that determines
Gross salary
Gross salary refers to the total amount of money an employee earns before any deductions are made. It includes basic
Current Salary
Current salary refers to the amount of money an employee is currently earning in their present job. It is typically
Pay As You Earn (PAYE) in Kenya
Pay As You Earn (PAYE) is a method of tax collection on income earned by employees in Kenya. Administered by
Basic Salary vs. Allowances: Understanding the Differences and Implications
In the realm of employment compensation, understanding the distinction between basic salary and allowances is crucial for both employers and
Understanding Gross Salary in Kenya
Gross salary is a critical concept in the realm of employment compensation, representing the total income earned by an employee
Understanding How to Calculate Tax Payable on Taxable Salary in Kenya
Taxation is a fundamental aspect of any economy, serving as a primary source of government revenue. In Kenya, understanding how
Understanding Net Salary in Kenya
Net salary is a critical concept in the world of employment compensation, representing the actual take-home pay that an employee
The Integrated Payroll and Personnel Database (IPPD)
The Integrated Payroll and Personnel Database (IPPD) is a system used by the Kenyan government to manage payroll and human
The Government Human Resource Information System (GHRIS)
The Government Human Resource Information System (GHRIS) in Kenya is an online platform designed to streamline and manage human resource
Steps to Obtain a P9 Form from GHRIS
A P9 form in Kenya is a tax document provided to employees, detailing their earnings and the taxes deducted within
Civil Servant Payslip
A civil servant payslip in Kenya typically includes various details that provide a comprehensive breakdown of the employee’s earnings, deductions,
Introduction to Interest Rates and Their Importance in the Economy
Interest rates are pivotal to the economic landscape, serving as the price of money and a key determinant of borrowing
Race to Financial Freedom: 9 Habits to Get You There
Achieving financial freedom is a journey that requires discipline, commitment, and smart financial habits. Here are nine habits to help
6 reasons why you should hire a professional financial planner
Navigating the complexities of personal finance can be daunting, particularly as financial landscapes evolve and individuals face increasingly diverse investment
7 things you need to know about Fixed Deposit Accounts in Kenya
commonly known as an FD account, is a type of savings account offered by banks and financial institutions. In a fixed deposit account, customers deposit a certain sum of money for a specified period, at a fixed interest rate.
Investment Opportunities in Kenyan market
In Kenya, there are several investment vehicles that you can consider to grow your wealth. Here are some popular options:
5 indicators you are deep in debt
Being in constant debt poses a multifaceted challenge that extends beyond financial strain, impacting emotional well-being, and future prospects. High-interest
How to fuliza mpesa loan
Fuliza M-Pesa loan is a continuous overdraft service offered by Safaricom, in collaboration with the Commercial Bank of Africa (CBA).
5 ways to increase M-shwari loan limit from zero
M-Shwari, a revolutionary mobile banking service in Kenya, offers convenient access to loans and savings through your M-Pesa account. But how does it determine your loan limit?
3 types of M-Kopa cash loans and How to Get each one of them
In the ever-evolving landscape of financial services, M-Kopa cash loan stands out as a beacon of empowerment for millions across
Why your loan repayment plan should be a priority in 2024
In a world dominated by debt, prioritizing loan repayments is crucial. It alleviates financial stress by boosting credit scores and enabling personal and professional growth. Managing loan payments efficiently helps achieve long-term goals like home ownership, entrepreneurship, and comfortable retirement. Additionally, a thorough repayment plan battles interest rates, prevents late fees, and fortifies against economic downturns, securing a stable financial future and empowering you as the ultimate financial superhero.
Elevating the Classroom Experience with Canva: A Guide for TSC Teachers
In today’s digitally-driven educational landscape, the fusion of technology and teaching has become indispensable. Canva, renowned for its design prowess,
The Benefits of Taking a Payday Loan When You Need Cash for Your Business
In the dynamic and often unpredictable world of business, having access to quick and reliable sources of cash is crucial for maintaining operations and seizing opportunities. One financial tool that has gained both popularity and controversy is the payday loan.
Types of check-off loans
In Kenya, check-off loans are a type of loan provided by an employer to an employee, with the loan payments
The Good, the Crazy, and the Weird of lending to family and friends
This informality is sometimes necessitated by the idea that lending folks we know, is better for reasons known only to psychology and Advanced Economics. At other times, though, ni kwa sababu wako CRB and thus banks, for a lack of a better word, hate them
4 ways you can waste your salary and how you can stop it
But like most humans, advice follows the path of least resistance going from one ear to the other without having any interaction at all with the brain. Careful spending is thrown out of the window as we let wastefulness in, not knowing that we’re reducing the quality of our lives.
Buying school supplies Now will be the best decision you’ll ever make. Here’s why
I have a secret that will get you out of the impending jam and since I care about you, I’ll let you into it. OK, listen (or read) carefully. To avoid all the hassle that comes with January shopping, buy your school supplies now
Tips to Help You Start Saving For Memorable Holiday in 4 Months
As the year winds down, many of us look forward to the joyous holiday season. However, it can also be
5 SIMPLE Tips To Help You Survive The Soaring High Cost of Living in Kenya
Living in Kenya has become an expensive affair, especially with the rising costs of housing, transportation, and food. In 2023,
Investing vs. Saving: Which one can help you achieve your financial freedom?
In today’s fast-paced world, financial stability is a top priority for many individuals. When it comes to managing our money,
Why you should take a CHECK-OFF LOAN now if salaried
What comes to mind when you hear check-off loan? The first thing to understand about check-off loans is that they
REVEALING The 5 Top Loan Apps in Kenya in 2025
Mobile money has revolutionized the lending landscape in Kenya, providing quick and convenient access to loans. With just a few
“I had 12 loan Apps” – TV host shares her experience borrowing money from digital lenders
According to a survey conducted by the Kenya National Bureau of Statistics, more than 80% of Kenya’s adult population uses
5 IMPORTANT Rules To Consider While Lending Money To Family And Friends
When your relatives or friends are struggling financially, lending money to them can be a kind gesture. However, it can
Simple ways to avoid defaulting on your loan
When a lender gives you a line of credit, they also have a set of checklist to see that you are not likely to default on your loan. It’s a system designed to warn the lender early on so that they can take the necessary steps to ensure they don’t lose their repayments
Declined Loan Application? What you should know and what to do about it
Have you tried to apply for a line of credit and it was denied by your lender? Sometimes it’s not always obvious what you did wrong for your credit to be declined.
How to become financially stable in 7 proven steps
One of the biggest roadblocks to financial stability is high levels of debt. To reduce your debt, you’ll need to focus on paying off high-interest loans first, such as credit card debt.
Debt Management
Debt management in Kenya refers to the strategies and practices used by individuals, businesses, and government agencies to manage and reduce their debt
Dealing with a Loan Default
A loan default occurs when a borrower fails to repay a loan according to the terms agreed upon in the loan agreement.