Net Pay Calculators

Oct-Dec 2024: This calculator works out an employee's net pay by subtracting PAYE, NSSF, SHIF, housing levy and pension fund contribution from the monthly gross pay. In order to work out taxable pay, the calculator requires non-cash benefits and any allowable deductions other than NSSF and pension fund contribution.
Jan-Sep 2024: This calculator works out an employee's net pay by subtracting PAYE, NSSF, NHIF, housing levy and pension fund contribution from the monthly gross pay. In order to work out taxable pay, the calculator requires non-cash benefits and any allowable deductions other than NSSF and pension fund contribution.

Gross Pay Calculators

Oct-Dec 2024: This calculator works out the monthly gross pay that will yield a desired net pay by adding back PAYE, NSSF, SHIF and housing levy.

Note that there are cases where a given net pay corresponds to more than one gross pay. For example, with the default settings and no non-cash benefits, gross pay values of 95,000.00 and 94,998.57 both yield a net pay of 68,780.65. In such cases the calculator generates the minimum gross pay that corresponds to the given net pay.
Jan-Sep 2024: This calculator works out the monthly gross pay that will yield a desired net pay by adding back PAYE, NSSF, NHIF and housing levy.

Note that there are cases where a given net pay corresponds to more than one gross pay. For example, with the default settings and no non-cash benefits, gross pay values of 100,000.00 and 99,875.71 both yield a net pay of 73,384.65. In such cases the calculator generates the minimum gross pay that corresponds to the given net pay. Top

PAYE Calculators

2024: This calculator works out PAYE due for 2024 given the taxable pay. It can work out PAYE for one up to twelve months. Remember to key in insurance relief on the NHIF contribution, and affordable housing relief on the housing levy.
2023: This calculator works out PAYE due for 2023 given the taxable pay. It can work out PAYE for one up to twelve months. The calculation is divided into two because the tax rates changed in July 2023. Remember to key in 15% of the NHIF contribution as insurance relief.
2021-2022: This calculator works out PAYE due for 2021–2022 given the taxable pay. It can work out PAYE for one up to twelve months. For 2022, remember to key in 15% of the NHIF contribution as insurance relief.
2020: This calculator works out PAYE due for 2020 given the taxable pay. It can work out PAYE for one up to twelve months. The calculation is divided into two because the tax rates changed in April 2020 in response to the Covid-19 pandemic.
2019: This calculator works out PAYE due for 2019 given the taxable pay. It can work out PAYE for one up to twelve months. Top

Loan Repayment Calculator

This calculator works out the monthly payments on a loan given the principal, interest rate and number of payments. Interest is assumed to accrue at the end of each month. The monthly interest rate is calculated by dividing the annual interest rate by 12. Payment amounts are assumed to be constant for the duration of the loan. Top

Government Securities Calculators

Treasury Bills: The Government issues treasury bills at a discount from par at zero coupon rate for maturities of less than one year, usually 91 days or 182 days or 364 days. At maturity, the investor receives the face value amount.

This calculator works out the total interest return to an investor after deducting 15% withholding tax.
Treasury Bonds: The Government issues treasury bonds at a discount from par at either a zero or a fixed coupon rate for periods extending beyond one year. It makes fixed interest payments to the investor semi-annually. At maturity, the investor receives the face value amount.

This calculator works out the total interest return to an investor after deducting withholding tax at the standard 15% rate. The National Treasury from time to time issues tax-exempt infrastructure bonds and long term bonds at preferential taxation rates.

The calculator allows for a change in the withholding tax rate. Top

Corporate Debt Issues Calculators

Commercial Paper: Private companies raise short term finance by issuing commercial paper to investors at a discount from par for periods of up to one year. At maturity, the investor receives the face value amount.

This calculator works out the total interest return to an investor after deducting 15% withholding tax.
Short Term Placements: Private companies raise finance by issuing short term notes to investors for periods of up to one year. At maturity, the investor receives the face value amount.

This calculator works out the total interest return to an investor after deducting 15% withholding tax.
Medium Term Notes: Private companies raise finance by issuing medium term notes and corporate bonds to investors for periods extending over one year.

This calculator works out the total interest return to an investor after deducting 15% withholding tax.
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