Lump sum is taxable – taxed in bands of Sh. 400,000 if the employee had served for more than 15 years or is over 50 years of age.
Other employees are taxed at the normal scale rate of tax
Third schedule 5(d) I &ii
Lump sum is taxable – taxed in bands of Sh. 400,000 if the employee had served for more than 15 years or is over 50 years of age.
Other employees are taxed at the normal scale rate of tax
Third schedule 5(d) I &ii