Visit the KRA website and you will get all the information yu want!!!!! The chief value of money lies in the fact that one lives in a world in which it is overestimated.

@bonc, This guide should help you http://www.kra.go.ke/inc...pdf/PAYEGUIDE11-1-07.pdf Success is a lousy teacher. It seduces smart people into thinking they can't lose.

Taxable Income = Income - (Pension + Home ownership + NSSF) To calculate your TAX in Excel, copy paste the below and replace "Taxable income": (IF((Taxable income)>10164,10164*10%,0))+(IF(((Taxable income)-10164)>0,IF(((Taxable income)-10164)>9576,9576*15%,((Taxable income)-10164)*15%),0))+(IF(((Taxable income)-10164-9576)>0,IF(((Taxable income)-10164-9576)>9576,9576*20%,((Taxable income)-10164-9576)*20%),0))+(IF(((Taxable income)-10164-9576-9576)>0,IF(((Taxable income)-10164-9576-9576)>9576,9576*25%,((Taxable income)-10164-9576-9576)*25%),0))+(IF(((Taxable income)-10164-9576-9576-9576)>0,((Taxable income)-10164-9576-9576-9576)*30%,0))

@Anasazi. You are supposed to pay your taxes from all sources(Global)

@anasazi: You know the Tax Returns that we fill at the end of the year? That is where you declare that profit...and you simply attach a P&L showing the purchase price of the goods, the selling price and other costs. KRA does not ask for audited accounts unless they believe you are cheating - in which case the audit you themselves. Depending on your other income, the tax on the 20k can be as high as 6k.