New Updated TSC Payslip Following Salary Increment. After the government approved a 7–10% increase in net remuneration, civil authorities will get slightly updated pay stubs. The was reportedly scheduled to go into effect in July 2023 but has now been moved to August.
Teachers and other government employees will therefore notice a change in payslips that comes with an increase.
The government will retroactively apply the levies created by the Finance Act of 2023 as well as the new monthly wage.
Civil authorities will be expected to pay the additional taxes on their newly increased profits for the months of July and August 2023.
A government worker earning Ksh100,000 per month, for example, will now have to pay Ksh1,500 in housing levies and Ksh880 to Ksh2,400 in NSSF contributions.
Important development efforts will be funded with the extra tax money, according to the administration.
According to a KNBS report dated May 2022, teachers make a monthly salary average of Ksh61,843.
A teacher employed by the (TSC) is subject to a Pay as You Earn (PAYE) deduction of Ksh10,417.25 on an average gross pay of Ksh61,843.
People who work and earn at least Ksh24,000 per month are subject to PAYE.
This law must be followed by every company that pays emoluments to its workers, including both citizens and non-residents.
Teachers will be required to donate the National Social Security Funds (NSSF Tier I) and the National Social Security Funds (NSSF Tier II) a total of Ksh360.00 each.
The teacher will also contribute Ksh1,300.00 to the National Health Insurance Fund (NHIF) as well as a housing fee of 1.5 percent, or Ksh928 depending on total compensation.
After deductions of Ksh13,725.25, a teacher making Ksh61,843 in gross salary will receive Ksh48,117.75 in net pay.
The taxable pay for the same time will be Ksh60,763.00 due to Ksh1,080 in allowable deductions.
New Updated TSC Payslip Following Salary Increment