Kenyan citizens are required by way of regulation to claim their source of revenue tax returns to the (KRA) by way of 30th of June annually.
In line with the Source of revenue Tax Act, section 52B, source of revenue tax will likely be charged for each and every yr of source of revenue upon all of the source of revenue of an individual, whether or not resident or non-resident, which collected in or was once derived from Kenya. Matter to this Act, source of revenue upon which tax is chargeable below this Act is the source of revenue in admire of –
good points or income from –
- an industry, for no matter time from, carried on;
- employment or products and services rendered
- a proper granted to someone else to be used or career of belongings;
For the needs of this text, we give you a step-by-step procedure for Submitting of 2020 Particular person Source of revenue Tax Resident Go back (ITR) for employment source of revenue simplest;
Step 1:Open your browser and cross to https://itax.kra.cross.ke/KRA-Portal/
Step 2: Input your KRA PIN and password and click on Proceed.
Step 3: At the Returns Menu, make a selection the tab Report go back after which make a choice the Source of revenue Tax Go back (ITR) legal responsibility for Employment Source of revenue Simplest
Step 4: Obtain the Excel/ODS Template the usage of the hyperlink supplied.
Step 5: Beneath fundamental data, resolution the questions requested as it should be and Click on ‘Next’
Step 6: Supply all of the required main points for ‘Basic Info’ sheet of the go back and click on on ‘Next’ to continue.
Step 7: Supply all of the data required of the employment source of revenue for the yr in Phase F (Employment Source of revenue) that begins from row A3 to G3.
Step 8: Continue to segment F and transfer to columns H (H6 – H9). Specify the gross source of revenue that you simply earned from January to March and April to December along with their respective pension contributions as captured within the P9 Shape issued by way of your employer.
Step 9: Transfer directly to segment M and input the main points of the PAYE that were once deducted and fill on these main points as in line with the P9 Shape for the entire yr.
Please word that you probably have Loan Passion an additional sheet will open when this selection is chosen and will have to be finished in response to the loan pastime that was once paid for January – March 2020 and April – December 2020 respectively.
A similar applies to these with Space Possession Financial savings Plan (HOSP) – entire this is in line with the contributions made.
Step 10: Transfer directly to segment T ((Tax Computation). Right here, captures the entire pension for the yr. Make certain that it provides to the quantity declared below sheet F for January to March 2020 and April to December 2020.
In a similar way, additionally, seize the Private Reduction for the yr. There’s a most restrict of Kshs. 25,824.
Step 11: Click on on ‘VALIDATE’ to validate the go back and to generate an add record for importing to i-Tax after getting shown the tax due/refund.
Step 12: Transfer again to the Returns Menu, make a selection ‘File Return’, make a choice Tax Legal responsibility as ‘Income Tax – Resident Individual,’ then click on ‘Next’ and click on on browse to add the zip record and publish your go back
For extra help referring to submitting your tax returns, please touch;
