Workers to get 15pc relief on housing levy

Cabinet Secretary Ministry of Lands, Public Works, Housing and Urban Development Alice Wahome on April 18, 2024.

Photo credit: Dennis Onsongo | Nation Media Group

Employees are expected to earn a relief of 15 percent on housing levy contributions in new proposals, which would expand the number of rebates available to four.

The 2024 Finance Bill proposed the new relief, which would marginally reduce the amount of tax payable by each employee.

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Note: The results are not exact but very close to the actual.