How to file KRA returns if you have a withholding certificate | KNEC Examiners
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- Опубліковано 30 жов 2024
- For non-withholding Tax Watch: • How to file KRA ITAX R...
Are you an employee or KNEC Examiner (TSC TEACHER) with a withholding certificate and looking for expert guidance on filing your tax returns? Look no further! In this comprehensive UA-cam tutorial, we present a foolproof method demonstrated using a KNEC examiner P9, applicable to all individuals with a withholding certificate.
Our detailed step-by-step approach ensures that you understand the process thoroughly, empowering you to confidently handle your tax returns. Whether you're a seasoned professional or a first-time filer, this tutorial will equip you with the knowledge and skills to navigate the complexities of tax filing.
Don't miss out on this invaluable resource-start optimizing your tax returns today!
very clear, I was looking for such a clear explanation and couldn't find until I bumped into this video
Glad it helped!
The video has been very useful. After days of struggling with filing withholding tax returns, this video was clear to the point and it saved my time. Thank you. I was happy that my returns were success.
Good one sir. kindly make me understand where is 3.333 coming from when calculating legal expenses
You really helped me a lot apo Kwa withholding tax,,,,angusha Moja ya monthly VAT
I love the way you explain it; slow and sure. Thanks bro
Someone has withholding tax every month or withholding from different companies, is the procedure the same?
Yes. You only add all the amounts from different companies then input the final value
very helpful
Nice tutorial but I have a question are we always supposed to Multiply by 20 and 3.3 all time.I would really appreciate your feedback.
As guided by the taxman. So I can't say it's always.
Why is always 5%=5/100=1/20
This was great. 👍
Very easy to follow through.
Thanks for this clear explanation. I've always had trouble doing this. Asante
You have really come through for me. Thanks. Perfect tutorial. Simple. KRA should buy this.
Glad it was helpful!
Great tutorial, man. Keep it up!
Well explained. I could only not understand where you got the value 3.33 and 20 you multiplied with.
Thank you so much. This was extremely helpful. Just what i needed. God bless you.
So well explained, thank you so much for unstucking me!
Thank you for this, I was really stuck
where are you getting 3.33 the one you have multiply with 1830 from
awesome just what i needed. heard this year we are getting some refunds? how do we go about it
Thanks, Fanya ya witholding tax company, ama concept ni the same?
Thanks the process is clear and understood and helped me to fill successfully.
How about if you have 2 withholding certificate for the same period? how would you go about?
@@LabillepauloPogba Take the sum.
fantastic work brother..very clear & concise
Thank you sir but my quiz what is this 20 you are multiply by it?
Thank you. It is a very helpful explanation. If one has arrears, are there other computations after adding sub totals of taxable pay.
Add arrears and subtotals. That will be the gross.
very detailed , I learned a lot
Great video.
I'm an Online worker and the Employer withholds 5% and remits to KRA.
Can I use the video above to file my annual tax?
Then since KRA from 2024 will require ETR receipts, will the legal expense 5.13 require a receipt?
Thank you so much brother. You really enlightened me.
You have made it clear and so simple thank you sir
Good explanation and very easy to understand. Good job and thanks for the clip, it is very educative.
Thanks sir. your explanation is clear.
Thanks a lot man... Umenisaidia big time na hii...
Why multiply by 20 is ia always ×20? Na hiyo 3.333 inatoka wapi? Do we multiply by 3.333 for anyone under any employer?
the 1,830/- is 5% witholding tax, so to get 100% ( which is the commissioned earned thats taxable),you divide it by 5 and multiply by 100 ,which is 100/5 = 20.
Very helpful. Thank you
This video has been of help and have managed to do it. Thank you very much
how about if kuna rental income of 0.00......and you are required to fill kwa profit loss a/c
Can you use the web portal instead of excel
You can't use ITR since you have a WHT. ITR is only meant for employment income only.
Good,you have helped to solve a problem.
Very clear and straight foward
Thank you. very easy to follow
thanx...you must be a very good teacher😃😃
Does this apply to all types of withholding certificate?
And in a case where you haven't been issued with p9 and u have the withholding tax?
You need a P9 to file your returns. Contact the employer.
Straight and clear. very helpful
Good presentation..Be blessed
kazi safi.Your content is helpful.
What if someone has deni ya kra where do you consider this in filling.
Nice one. Very clear step by step
Very educative... thanks have subscribed...
Helpful content. Keep it up bro.
What about those who only earn from commissions?
I like the way you are explaining.
Thanks, your explanation is on point
I wish you would move from "Si mimi ndio nakushow" and explain why we're doing some things. For instance, why are you multiplying your tax figure with 20? And why are we LESSing it in 5.13 (Legal Expenses) and multiplying with 3.33? And finally is your explanation unique ONLY to KNEC Examiners? What about consultants and those who've received their dividends or royalty?
sure, where is this 3.333 coming from?
For the "multiplying by 20" part... I understand because withholding of consultancy payments is done at 5%. Hapo kwa 3.33 and the balance sheet is where I draw the line. 😅
VERY clear explanation. keep it up
why are we putting WHT*3.33?
Kindly assist ..I have followed your steps but am getting a postive deviation..where is the error
How much are you getting as the deviation?
After clicking on yes on this question "do you have any other income other than Employment income" my excel isn't adding the other columns. What might be the problem
Close the excel sheet and reopen.
@@liotech254 thanks
Straight to the point, cheers
Has helped me a lot sir, thanks again,
Great but you have to explain why multiply with 20 and 3.3333
Thanks buddy. I the video was really helpful.
Very useful
There are a time when if you fill the value of personal relief, you get a notification that you should fill a value less than 13944,,,what could be the problem?
The relief may have been capped. Try with the 13944 and validate.
I have the same problem and even the 13944 isn't working. Kindly advise
Hello Mirriam,
This instance occurs when the employer gives a relief that is more than the individual's tax bracket.
In this event, the employee owes KRA the excess amount. This will be shown in the last tab when you are validating.
@@liotech254 Thank you for shedding light.
Good job sir well explained ❤
You deserve more subscribers
Please help me share the video link. I will appreciate.
Poa sana, barikiwa bro
Mine is giving a very huge differnce yet i have filed the correct way
Well done
What if someone made an error in filing this withholding tax
You can do an amended return. On the type of return, select amended. Then proceed as explained in the video.
Very Precise 🎉❤😅
Can you add expenses like electricity, transport, school fees etc?
No
Nice one bro
This is the best video ever
You're Quite marvelous Bro. Thanks 10000000000x
awesome, thank you
But mine at the end had a principal tax, is it ok
Principal tax?
Iko sawa. Thank you
Good work
Thanks bro this was very helpful.👍 Quick question, mtu akiwa na several withholding tax certificates for the same period/year, do you work with the total amount ama you do each individually?
Thanks for the feedback. Take the totals.
Good job asking something. Why are we multiplying with 20 why not 30 or 100 please
At the time of this video, the withholding tax is charged at 20%
@@liotech254 WHT tax for consultanylcy/professional fees is 5% so to get the gross amount, you multiply 1830*(100/5) same as multiplying 1830 by 20.
What if you have arrears on the paye and also there's manual paye?
Take the value of Total PAYE.
Why do you times by 20 and by 3.333?
Hae,, can you do do to how to file withholding taxes for consultants without any employment income
Sure,
I will.
@@liotech254 Thanks I will be waiting please make it quick and i will appreciate
I LOVE THIS
In the last section b4 validating , i got -7423.1, is it okay?
This can arise if the employee was employed after January 1st of 2022. In this event, you will need to provide the employee's bank particulars.
why are you multiplying by 3.33 ?
Very helpful
Thank you. Well done.
Asante sana
Very useful video💯
VERY GOOD MWALIMU
Excellent video
Sasa KRA HV NEVER SPOKEN ABOUT THIS INFO anywhere,,nashangaa vile huyu SAVIOR alipata hii info..I was looking for this video so much
Yangu imekataa na mogul inaenda
Kuna ya 2023 alete
why dont you explain the maths? multiplying by 20, 3.333 and inserting 1 and 1 in the sheet
This is also my question, why are we doing this math?
THANK YOU SO MUCH BROTHER
Very helpful information. Thank you @lio tech
good, now wat if the examiner has manual paye
Take the total PAYE
Good content
fantastic
Tax due not indicating a negative number, apo at the end
How much?