Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,652 members, 7,955,364 topics. Date: Sunday, 22 September 2024 at 12:32 AM |
Nairaland Forum / Makkosky's Profile / Makkosky's Posts
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 17 pages)
Politics / Re: Assessing Buhari’s Economic Outcome Vs Obasanjo, Yaradua & Jonathan (Pix Video) by makkosky(m): 5:13pm On Aug 11, 2022 |
Too bad 1 Like |
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 6:10pm On Jun 12, 2022 |
12
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 6:09pm On Jun 12, 2022 |
11
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 6:04pm On Jun 12, 2022 |
10
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 6:03pm On Jun 12, 2022 |
9
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 6:01pm On Jun 12, 2022 |
8
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 6:00pm On Jun 12, 2022 |
7
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 5:59pm On Jun 12, 2022 |
6
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 5:58pm On Jun 12, 2022 |
5
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 5:57pm On Jun 12, 2022 |
4
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 5:57pm On Jun 12, 2022 |
3
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 5:56pm On Jun 12, 2022 |
2
|
Politics / Re: The Democracy Day Message - Nobody by makkosky(m): 5:53pm On Jun 12, 2022 |
1
|
Politics / The Democracy Day Message - Nobody by makkosky(m): 5:52pm On Jun 12, 2022 |
Please see below |
Career / Re: How Is Paye Calculated For Someone Working Overtime by makkosky(m): 11:30am On Mar 13, 2022 |
TheDemola: You will remove Tax relief from gross income to arrive at Taxable gross. |
Career / Re: How Is Paye Calculated For Someone Working Overtime by makkosky(m): 11:28am On Mar 13, 2022 |
TheDemola: To calculate the graduated tax table monthly, divide the GTT stages amount by 12.... That's 1st 300k/12 * 7%... 2 Likes |
Career / Re: How Is Paye Calculated For Someone Working Overtime by makkosky(m): 6:15pm On Mar 12, 2022 |
TheDemola: It can be calculated monthly. On your second line, it can be 1% if it's not more than minimum wage, it can be 5% on amount earned ( WHT scenario) or be added back to staff monthly gross pay and be subjected to PAYE computation. |
Career / Re: How Is Paye Calculated For Someone Working Overtime by makkosky(m): 5:10pm On Mar 12, 2022 |
Osyxcel: If state tax audit should go by your first paragraph, a higher percentage of companies might not survive the tax liability. Esp banks. Good one � 2 Likes |
Career / Re: How Is Paye Calculated For Someone Working Overtime by makkosky(m): 4:58pm On Mar 12, 2022 |
Osyxcel: The company can decide to separate payroll schedule for other bonus schedules ( performance bonus, over time bonus, Ex gratia bonus, compassionate allowance, out of station allowance etc)... Their is no section of the 2011 PIT act (As amended) that stipulate that all income of employee with be added back to payroll and tax will be calculated on it. What if the payroll circle is different from the over time circle.... Moreover, on tax Audit, either LIRS or other SBIRS, these people focus more on 1. Directors Paye or DA 2. Paye payment Date 3. Paye computation 4. Business premises 5. Withholding tax schedules (invoices or petty cash) Most don't even ask if there are OVT or related. Allowances. |
Career / Re: How Is Paye Calculated For Someone Working Overtime by makkosky(m): 4:39pm On Mar 12, 2022 |
PAYE Cal for Layman Gross income - tax relief (Employee pension, NHF, personal life insurance etc) = taxable gross... Then Taxable gross - CRA (Consolidated Relief Allowance)...= Taxable income.... Then Taxable income calculation on tax Table (7, 11, 15, 19, 21 & 24% on First 300k, next 300k, next 500k, next 500k, next 1,600m and 3,200m; base on taxable income) = PAYE Hit me up if you need knowledge about Total compensation and benefits for HR and Accountants, Tax experts etc 08062569822 4 Likes 1 Share |
Career / Re: How Is Paye Calculated For Someone Working Overtime by makkosky(m): 4:31pm On Mar 12, 2022 |
Hi, Two things, 1. If the overtime is added to your monthly gross salary, it will be tax via Paye tax computation. 2. If the overtime is separately treated as a separate payment, it can pass through a. A withholding tax calculation of 5% based on contract of service (employee or business name) and b. Minimum tax of 1% if the over time is not higher than the current minimum wage... 4 Likes 1 Share |
Business / Re: Funke Opeke & Judith Gardiner Confirm Mainone's Takeover By Equinix by makkosky(m): 2:17pm On Dec 08, 2021 |
The acquisition, a good move? |
Celebrities / Re: Wizkid’s Grand Entrance At The London 02 Concert by makkosky(m): 11:08am On Nov 30, 2021 |
Okay, Great but he should pick others up. Still a good guy though 29 Likes 2 Shares |
Celebrities / Re: Video Of Chiwetalu Agu After His Release From Army Detention by makkosky(m): 2:43pm On Oct 08, 2021 |
Ok |
Crime / Re: Usifo Ataga: Court Orders Chidinma, Accomplice Trial At High Court by makkosky(m): 8:08am On Sep 07, 2021 |
Ok |
Family / Re: House Clearance Sales.. Come In Here!!!! by makkosky(m): 8:44pm On May 17, 2021 |
TheN1: Picture of the freezer and how much last |
Family / Re: House Clearance Sales.. Come In Here!!!! by makkosky(m): 10:44pm On May 01, 2021 |
C505: I have 55k. Is it still available. ? |
Jobs/Vacancies / Re: What Its Mean To Acquire Higher Degree Time Wasting Or What? by makkosky(m): 1:05pm On Apr 29, 2021 |
Hi, wait 1 Like |
Sports / Re: 6 Footballers Perish In Ghana As Car Crashes Into Offinso River by makkosky(m): 10:13am On Sep 20, 2020 |
RIP. So painful |
TV/Movies / Re: BBNaija: Laycon Becomes The First Housemate To Get 1M Instagram Followers by makkosky(m): 5:00am On Sep 20, 2020 |
Smart, diplomatic and intelligent. Good guy 22 Likes |
Politics / Re: You Are Nigeria’s ‘Divider-In-Chief’, Presidency Replies Obasanjo by makkosky(m): 6:22am On Sep 14, 2020 |
OBJ is right. Its over 13years since he left the presidency. Those years is enough to change or restructure a system. Buhari is a disaster.... Yes I said it 4 Likes |
Celebrities / Re: Trikkytee Is Head Of Bbnaija House. Laycon Is His Deputy by makkosky(m): 7:46pm On Sep 07, 2020 |
[color=#006600][/color]Okay oo For registration with National housing fund, NSITF, processing of compliance certificate from NSITF, pencom and ITF.... Reach me on onaaramichael@gmail.com or 08062569822 |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 17 pages)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25 |