Private pension funds are expected to compete with the State-backed fund on the handling of tier II contributions which relate to deductions above the upper earnings limit of Sh18,000 a month. Employers opting out from making the higher contributions to the NSSF are expected to also...
Old Mutual will continue with other businesses including managing pension fund assets, wealth units, and the collective investment schemes. The financial services group has been operating Old Mutual Securities Limited licensed by the Capital Markets Authority (CMA) as part of the group’s investment b...
Deduction under sub-section (2) of section 80CCD (employer contribution on account of the employee in notified pension scheme) and section 80JJAA (for new employment) can be claimed.Tax Calculator choose old or new tax regimeUse the calculator to find which tax regime is better. Enter the ...
on the income earned by an individual or business after certain deductions. Due to multiple income tax slab rates combined with many tax exemptions and deductions, calculation of income tax can be a challenging task. Not with the presence of an easy-to-use online income tax calculator, though...