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Moses Bundi works for geo - sat solution ltd as a technical Director. During the year ended 3 1 December 2 0 1 5 he
Moses Bundi works for geosat solution ltd as a technical Director. During the year ended December he received the following incomes and emoluments:
Basic salary of sh per monthPAYE sh per month
He was provided with a cc land lover which had cost the company sh in the year
In the month of December he received a sitting allowance of sh
He is a member of a registered retirement benefits scheme of which he makes monthly contribution of sh
He was housed by the company in a retired house with water, telephone and electricity. The house had a market rental value of sh per month and he paid a nominal rent of sh per month.
During the year, the company paid school fees for his son amounting to sh This amount was disallowed for tax purposes on Geosat solution Ltd
Geosat solution Ltd operates a medical scheme for all staff with Afya Insurance LtdIn the year the amount paid for Moses Bundis cover amounted to sh
The company paid his monthly electricity, water and telephone bills averaging to sh sh and sh respectively.
He earned interest income of sh during the year from his investment in Housing Development Bonds.
The company paid sh to cover for Moses Bundis family life insurance premiums during the year.The insurance policy covered Moses Bundi,his wife and son.
In December Moses Bundi received an entertainment allowance of shHalf of this amount was spent on entertaining customers.
Moses Bundi received a net rental income of sh from his commercial rental premises during the year.This was after deducting the following expenses:
Caretakers wages sh
Building an extension sh
Interest on mortgage sh
Fixing metallic doors sh
Purchase of a water tank sh
Required;
Taxable income of Moses Bundi for the year ended December
Tax liability if any from the income computed above
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