How is PAYE calculated in Uganda?

Four brackets for PAYE The maximum amount of PAYE for this bracket is Shs 25,000. Tax payable in this bracket is the Shs 25,000 plus 30% of the amount by which chargeable income exceeds Shs 410,000; and 10% of the amount by which chargeable income exceeds Shs 10m.

What is the formula to calculate PAYE?

Example

Year-to-date regular income = R10,000.
Annual equivalent = R10,000 x 12/1 = R120,000.
Tax calculated on R120,000 as per tax tables = R7,533.
PAYE payable on regular income = R7,533 x 1/12 = R627.75.

How is NSSF calculated in Uganda?

The NSSF is a defined contribution scheme and is financed largely by contributions from employers and employees. The total contribution is equal to 15 percent of an employee’s gross salary, with the employer contributing 10 percent and the employee 5 percent.

Who pays PAYE in Uganda?

Uganda, like any other sovereign state, gets its financial resources from taxes paid by people gainfully employed with income sourced from Uganda. One of such taxes paid is Pay As You Earn (PAYE), which is income tax paid by employees. PAYE is administered by employers, by applying tax rates in the Income Tax Act.

How much is PAYE tax in Uganda?

Tax Rate: 10% of the amount by which chargeable income exceeds Shs130,000. Monthly Emoluments Exceeding Shs 410,000.

How much does NSSF deduct from salary in Uganda?

NSSF is deducted monthly and the employee contributed 5% of their gross salary while the employer contributes 10% of the employee’s gross salary.

How do I calculate tax gross up?

How to Gross-Up a Payment

Determine total tax rate by adding the federal and state tax percentages.
Subtract the total tax percentage from 100 percent to get the net percentage.
Divide desired net by the net tax percentage to get grossed up amount.

How is PAYE calculated in Uganda? Four brackets for PAYE The maximum amount of PAYE for this bracket is Shs 25,000. Tax payable in this bracket is the Shs 25,000 plus 30% of the amount by which chargeable income exceeds Shs 410,000; and 10% of the amount by which chargeable income exceeds Shs 10m. What…