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Pay As You Earn (PAYE) Rates

Pay As You Earn (PAYE) Rates


                                                 EFFECTIVE 1ST JULY 2017
MONTHLY

1ST             MK 30,000.00                                         @  0%
Next         MK 5,000.00                                               @  15%
Excess of    MK35, 001. 00- MK2, 999, 999 .00           @ 30%
Excess over    MK3, 000, 000.00                                  @  35%

WEEKLY

First                   MK6, 923.08                                        @   0%
Next                  MK1, 153.85                                        @   15%
Excess of         MK8, 076.92-692,307.69                       @   30%
Excess over     MK692, 307.69                                      @    35%

FORTNIGHT

First              MK13, 846.16                                            @    0%
Next               MK 2,307.70                                            @   15%
Excess of       MK16, 153.84-   MK1, 368, 461.54          @   30%
Excess over     MK1, 384,615.38                                    @  35%

ANNUAL RATES

First         MK 360,000.00                                                 @   0%
Next         MK 60,000.00                                                  @  15%
Excess of    MK420, 001- MK35, 999, 999.00                   @  30%
Excess over    MK36, 000, 000.00                                     @  35%

NOTE: All other allowances i.e. housing allowance, transport allowance, severance, food allowance e.t.c grossed up with basic salary then tax using the above rates.

                                                      

Calculators and services

Terms and conditions apply

Exchange Rates

    USD - 734.79
    GBP - 984.32
    ZAR - 56.87
    EUR - 882.17
    CAD - 606.5
    JPY - 6.78
    AUD - 591.18