An income tax is a tax placed on earnings from several sources, such as a company’s income, dividends, rents income, pensions, and so on. You must pay income tax if your income reaches a certain level. Profits are sometimes not taxed, and you may be eligible for exemptions and reliefs. Income tax is imposed by …
What is meant by employment income? Employment income includes: Wages, salary, leave pay, payment in lieu of leave, overtime pay, fees, commission, gratuity, bonus, allowances entertainment, duty, utility, welfare, housing, medical, or any other allowances. What is employment income tax? Employment income’ means any earnings from an office or employment received in the tax year, including …
LEGAL WAYS TO AVOID EMPLOYMENT INCOME TAX. Employment income is described as an amount paid to a person who is or was at the time of the employment or when the services were rendered, a resident person in respect of any employment or services rendered by him in Kenya or outside Kenya, the income consists …
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