NHIF contributors to get 15pc relief on premiums in proposed law

NHIF Building in Upperhill, Nairobi. FILE PHOTO | NMG

Workers contributing to the National Hospital Insurance Fund (NHIF) will enjoy tax reliefs of 15 percent of their premiums if Parliament passes a Bill that analysts say is targeted at enticing more Kenyans to enrol into the scheme.

The State-backed Finance Bill 2021 proposes to introduce a tax relief on individuals who make contributions to the fund with the amount of insurance relief to be claimed being equivalent to 15per cent of the premiums paid with a cap of Sh5,000 per month.

PAYE Tax Calculator

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