Page 98 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

Additional Notes:
• Pay period start date and pay period end date should be
updated for each payroll cycle.

• Hourly rate and overtime rate can vary per employee and
FOR ONLINE READING ONLY
should be updated accordingly.

• Bonus is optional and can be included as per company policy.

• PAYE is a progressive income tax deducted based on the
Tanzanian tax rates.

• NSSF contributions are typically 10% of the employee’s gross
salary.

• Other social security funds might be applicable depending on
the employment sector.

• Health insurance and retirement plan deductions may vary
depending on the company’s policies and agreements with
employees.

Teacher’s Guide Form Five
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