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Nairaland Forum / Nairaland / General / Business / How To Calculate Your Income Tax In Nigeria (Ugometrics) (59784 Views)
Companies Income Tax In Nigeria / Personal Income Tax In Nigeria / Business And Income Tax Rates In Nigeria? (2) (3) (4)
How To Calculate Your Income Tax In Nigeria (Ugometrics) by Seun(m): 3:50pm On Oct 04, 2011 |
Frank: I work in a bank and each time I get my payslip I always see tax deducted. Some months its the same whilst sometimes it differs. Please how the hell do they calculate tax Read the rest of the tutorial: http://www.ugometrics.com/2011/10/how-to-calculate-your-taxes.html 3 Likes |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by igbanbajo(m): 4:11pm On Oct 04, 2011 |
useful. thanks. |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by GoldCircle: 4:17pm On Oct 04, 2011 |
can't we just get the prevailing tax rate in Nigeria? I often hear it when people say Norway & some select countries charge 36% as tax. Can't we thus get a range say between x % and y % for Nigeria? 1 Like |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by debosky(m): 4:20pm On Oct 04, 2011 |
^^ You should simply have clicked on the link to find out more. Taxable Amount - N592,925 From that calculation, it appears the 'prevailing' tax rate is 25% after deductions for allowances. 2 Likes |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by zibe(m): 5:16pm On Oct 04, 2011 |
Exactly what I was taught in taxation. Lol. Educating |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by owohblow: 5:47pm On Oct 04, 2011 |
good one |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by uyakachi(m): 6:02pm On Oct 04, 2011 |
plz let someone help me to calculate mine of #12000 only per-month, thanks |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by felucci(m): 8:54pm On Oct 04, 2011 |
You can get to know how to do a self assessment if you get a copy of the personal income tax act. You can also use an online tax calculator here: Online Tax calculator by the LIRS 1 Like |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by Pukkah: 9:33pm On Oct 04, 2011 |
This is a good one. |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by antonion(m): 7:49am On Oct 05, 2011 |
iam a South African i earn R16 000 (N280 000) but they Tax me R 2000 (N35 000) , that's a LOT OF MONEY |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by antonion(m): 7:57am On Oct 05, 2011 |
uyakachi: In south Africa if you Earn less than N135 000 a year you don't qualify to pay tax but you must be registered with South African Receiver of Revenue(SARS) |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by akunta(f): 9:34am On Oct 05, 2011 |
Very useful n self explianatory. |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by shumno(f): 2:45pm On Oct 05, 2011 |
@ debosky, 25percent is not the tax rate but anything in excess of 160,000 is charged @ 25 percent after reliefs and allowances. 1 Like 1 Share |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by finintell: 12:06pm On Apr 12, 2012 |
I recently developed a Payroll Application that automatically generates payroll schedule monthly for a company based on the personal income tax act 2011.........it also sends payslips to the employees.....it has reports and so on..........if you're intersted i can deploy the same application for you. noibilism@gmail.com 2 Likes 2 Shares |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by mandon: 1:01pm On Apr 12, 2012 |
u need to know that this computation has changed pursuant to personal income amendment act (PITA) 2011.Refer to ur accountant for update. All these deductions have been replaced with a N200,000 consolidated allowance or 1% gross emolument. Plse confirm. The new tax regime commenced in January 2012 1 Like |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by Tellmeurmind: 2:47pm On Aug 30, 2012 |
finintell: I recently developed a Payroll Application that automatically generates payroll schedule monthly for a company based on the personal income tax act 2011.........it also sends payslips to the employees.....it has reports and so on..........if you're intersted i can deploy the same application for you. noibilism@gmail.compls,can u assist by sending it to my box? tellmeurmind@yahoo.com |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by Sattie: 3:46am On Jan 26, 2013 |
finintell: I recently developed a Payroll Application that automatically generates payroll schedule monthly for a company based on the personal income tax act 2011.........it also sends payslips to the employees.....it has reports and so on..........if you're intersted i can deploy the same application for you. noibilism@gmail.comPls send me a copy pls: xtollys@yahoo.com |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by johnteddy(m): 5:27am On Jan 26, 2013 |
finintell: I recently developed a Payroll Application that automatically generates payroll schedule monthly for a company based on the personal income tax act 2011.........it also sends payslips to the employees.....it has reports and so on..........if you're intersted i can deploy the same application for you. noibilism@gmail.comPlz sir I really need it, can u please send to my box tjteddy24@yahoo.com 1 Like |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by esorison(m): 7:24am On May 21, 2013 |
finintell: I recently developed a Payroll Application that automatically generates payroll schedule monthly for a company based on the personal income tax act 2011.........it also sends payslips to the employees.....it has reports and so on..........if you're intersted i can deploy the same application for you. noibilism@gmail.comPlease i would appreciate you sending me the payroll application. thanks |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by esorison(m): 7:24am On May 21, 2013 |
finintell: I recently developed a Payroll Application that automatically generates payroll schedule monthly for a company based on the personal income tax act 2011.........it also sends payslips to the employees.....it has reports and so on..........if you're intersted i can deploy the same application for you. noibilism@gmail.comPlease i would appreciate you sending me the payroll application. thanks esorison@yahoo.com |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by joeslick(m): 10:55am On Dec 14, 2013 |
finintell: I recently developed a Payroll Application that automatically generates payroll schedule monthly for a company based on the personal income tax act 2011.........it also sends payslips to the employees.....it has reports and so on..........if you're intersted i can deploy the same application for you. noibilism@gmail.compls i would really appreciate it if u culd send me a copy of d App. joeeke85@gmail.com |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by sirj: 3:16pm On Jan 09, 2014 |
Pls I'd appreciate if u can send a copy to my inbox. Ponaghise@live.com Thanks |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by perryokuns36(m): 6:45pm On Feb 27, 2015 |
Pls someone should help me out with my tax(PAYE) on a monthly basis: Basic Salary: 80,000 Housing Allowance: 10,100 Medical Allowance: 12,100 Transportation Allowance: 14,000 Overtime: 5,000 Total: 121,200 Pls what will be my Tax(PAYE) per month. Thanks u for ur assistance |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by seritech: 1:59pm On Mar 14, 2015 |
perryokuns36: Monthly paye- N7,544 |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by walexyll(m): 10:58am On Mar 15, 2015 |
seritech: Baba, maybe you forgot to factor in the new 8% of Basic, Housing and transport as the employee pension contribution which will affect the consolidated relief. Putting that into consideration, you should have a PAYE of N7,495. N:B Even at 7.5%, the PAYE is N7,573 don't mind me, love details... |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by EdwinKK: 5:54pm On Oct 25, 2015 |
Try out this cool Nigerian income tax calculator: http://calculator.com.ng/firs-salary-income-tax-paye-calculator Should help clear things up when it comes to PAYE, NHF and pensions deductions.. |
Re: How To Calculate Your Income Tax In Nigeria (Ugometrics) by macklef(m): 11:02am On Nov 24, 2015 |
mandon:Good morning sir, can i ask you a question on this PAYE taxation as it relates to 2015 |
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