Net Pay Calculator

Net Pay: This calculator works out an employee's net pay by subtracting PAYE, NSSF and LST from the monthly gross pay. To work out taxable pay which is the income subjected to PAYE, the calculator requires non-cash benefits and the employee's housing status.

LST should be deducted in July, August, September and October only.

If you choose to deduct LST, then you need to specify the order in which to calculate PAYE and LST. The tax that is calculated first is deducted from the income subjected to the other tax to avoid double taxation.

Gross Pay Calculator

Gross Pay: This calculator works out the monthly gross pay that will yield a desired net pay by adding back PAYE, NSSF and LST.

LST is deducted in July, August, September and October only. If LST is activated, you need to specify the order in which PAYE and LST are calculated. The tax that is calculated first must be deducted from the income subjected to the other tax to avoid double taxation.

Note that there are cases where a given net pay corresponds to more than one gross pay. Suppose LST is activated and PAYE is deducted before LST. A net pay of Ush 730,500 corresponds to gross pay values of Ush 1,000,000 and Ush 999,998. In such cases, the calculator generates the minimum gross pay for the given net pay. Top

PAYE Calculators

PAYE: This calculator works out PAYE due given the taxable pay. It can work out PAYE for one up to twelve months, either for this year or for a year in the recent past. 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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