PAYE (Pay As You Earn) is a system for collecting income tax from employees’ salaries and wages. The employer deducts the tax directly from the employee’s salary or wage before paying them and then remits this tax to the tax authorities. Here are the key details about PAYE: In summary, PAYE is a system where […]
A payroll is the process by which employers pay their employees for their work. It involves several key components and steps to ensure that employees receive their correct earnings, and that all legal and statutory obligations are met. Here’s a more detailed explanation: Key Components of Payroll Payroll Process
Pay As You Earn (PAYE) is a method of income tax collection in which an employer deducts tax from an employee’s wages or salary at the time it is paid and remits it directly to the tax authorities. This system ensures that taxes are collected regularly and systematically as the employee earns income, rather than
Pay As You Earn (PAYE) is a method of tax collection on income earned by employees in Kenya. Administered by the Kenya Revenue Authority (KRA), PAYE is a key component of the country’s taxation system, ensuring that income tax is deducted from an employee’s salary or wages by their employer and remitted directly to the
