mrphysics:

I just saw where you talked about Pension, NHF and NHIS, those are tax exempts that will be removed from her consolidated taxable income (after the 200000 + 20% of her salary is removed) before imposing the rate.

If you remove those tax exempts, it becomes so clear that she was cheated. She pays for NHF, pension without having a pension account? NHf account? And TIN?

Most one man businesses only deduct the mandatory pension of 8%, thats why i said it is unlikely she made those other contributions.

Lmaoooo...

mrphysics:

You mean that your monthly salary is 150 or gross annual income?

Not connecting

Monthly..

mrphysics:

This is a public forum.

who know you..lol .. public but faceless forum

haibe:


Monthly..

My Salary is 40K, Tax is 5k, that was what he said

GEKE:
My Salary is 40K, Tax is 5k, that was what he said

Okay thanks for providing a figure, i will compute what your exact tax should be . Its shouldn't be up to 5k

haibe:


Can u give the exact figure of your salary? My gross is 150 and i pay about 11k after pension deduction, let's reconcile our difference pls.. whats ur gross exactly

it's 40K

haibe:
who know you..lol .. public but faceless forum

Lol, many people

GEKE:
it's 40K

Your gross annual income is 480k. And N200, 000 + 20% of N480,000 = N296,000

N480, 000 - N296, 000 = N184, 000

This is less than N300k, so your PAYE is 1% of your annual income which is 4800. Then your monthly PAYE is N400.

Cc. Haibe


Modified
PAYE is paid monthly so it is wrong for him to pay your yearly PAYE even when you may not be with his firm throughout the year. Only Direct Assessment Tax is paid on annual basis

GEKE:
Hello Guys
The story is not too Long but I will just want to know you opinion and advice, if possibly HELP OF ANOTHER JOB, please no insult.......

Am a graduate of Office Technology & Management with 4 years experience on Secretary, Front Desk, & Customer Service.... staying at Ajah Lagos

Ending of January I got a job through nairaland, the office is at Ajah, I was looking forward to work at ajah because I have an elderly woman am looking after, I don't want to work very far...
I was called for interview as a Secretary, on getting to the office, it was not what I was having in mind, the office is actually in a plaza, very small one at that, so i went in & was interviewed and salary was discussed, it was a very small amount for a graduate, but it's better than staying at home and I have huge responsibility, so I accepted the offer and to start working February.o

Oe week I discovered I was the only employee, anyone he interviewed on phone after coming to see the office they ran away because of the office Condition.. In the office No system to work with, only one lap top used by the boss alone, only one standing fan facing him alone, he promised to get my system,and new standing fan the day he was interviewing me, but he didn't, I doo come to work with a hand fan, and goes home smelling sweat, buying sure & rolling like mad..

I have never done anything relating to what I was employed for, what I do is going errands for him, he sends me out to many places, to go meet friends, collect receipts and all that are very far place, I endured through till it's time to pay me, he started posting me, today tomorrow, this evening, tomorrow morning, this afternoon, EVEN when I told home I need to go for my late father burial arrangements on Sunday cos I work Saturday, he said he would send my salary and he didn't...

Then one Sunday he called me to come to office to come collect my salary, I was happy at least am getting paid for my sweat.... getting to the office, he handed over the money to me I counted it, and I discovered the money was short of 5k, I asked he said the 5 thousand was for TAX.......I was speechless at first,. because he didn't tell me anything as such and how is 5k for TAX only, This is the money after paying all my debt am left with nothing.............

You can't even write straight..

my guy you don mad finish lmao..
make she dey sell egusi for junction kor lolzz

As a graduate..... you the only employee.... one laptop used by the CEO... one fan..... didn't a warning bell go off in to your head? ...and we wonder why some people mysteriously disappear.

BecaciaBarbie:
#5,000 naira for tax? I'm a Tax Consultant and that is unbelievable too much!!!! Just for a month? Kai
So in essence, if you worked for him for a year, you will be paying a total of #60,000 naira for tax annually?

As a tax consultant, i expected you to ask what her gross income is like before your conclusion. Depending on your income, you can pay as much as 50k or more monthly.

Not saying the employer has said the truth..just saying its possible to pay 5k or more as tax monthly depending on your income..

mrphysics:

Your gross annual income is 480k. And N200, 000 + 20% of N480,000 = N296,000

N480, 000 - N296, 000 = N184, 000

This is less than N300k, so your PAYE is 1% of your annual income which is 4800. Then your monthly PAYE is N400.

Cc. Haibe


Modified
PAYE is paid monthly so it is wrong for him to pay your yearly PAYE even when you may not be with his firm throughout the year. Only Direct Assessment Tax is paid on annual basis

Show me that section of PITA that restricts the tax payable where her CRA is less than 300k

haibe:


Show me that section of PITA that restricts the tax payable where her CRA is less than 300k

Not here to do this bro.

I may not speak further. Lirs dot gov.ng has a calculator there. Or use their live chat.

I helped in the analysis that led to the automation of the digital payment of various Tax heads

haibe:


Show me that section of PITA that restricts the tax payable where her CRA is less than 300k

You mean Annual Income?

GEKE:
it's 40K

Does he contribute pension for you?

GEKE:
My Salary is 40K, Tax is 5k, that was what he said

I am not a tax Consultant. I am not even working yet but based on my knowledge in Taxation, her PIT should be #3200 and not #5000.

my Figure was derive through this calculation .

7% of 30000 = 2100
11% of 10000 = 1100

The sum of 2100 and 1100 should be #3200 and not #5000.

Exploitation is just too rampant in Nigeria down to the Grass root.

may God help us

If u are earning up to 45k ur tax per month is 1,353... if u re earning below dt ur tax isn't up to dt amount..The higher u earn d more u pay.

GEKE:
it's 40K

Based on my computation and assuming no pension deduction, ur paye should be 2576 monthly, so you need to investigate further why he is deducting 5k, could it be that he is remitting pension or NHF for you? These are the things you need to find out before concluding that he is cheating you.

mrphysics:

Your gross annual income is 480k. And N200, 000 + 20% of N480,000 = N296,000

N480, 000 - N296, 000 = N184, 000

This is less than N300k, so your PAYE is 1% of your annual income which is 4800. Then your monthly PAYE is N400.

Cc. Haibe


Modified
PAYE is paid monthly so it is wrong for him to pay your yearly PAYE even when you may not be with his firm throughout the year. Only Direct Assessment Tax is paid on annual basis

Bro, i think your calculation is wrong..the 1% is applicable when your gross annual is 300k or below..you dont have to apply the CRA before arriving at the gross annual.

For the 300k n below, it is so becos the tax authority will get higher tax if the 1% is applied compared to the use of CRA n graduating rate.

mrphysics:

Not here to do this bro.

I may not speak further. Lirs dot gov.ng has a calculator there. Or use their live chat.

I helped in the analysis that led to the automation of the digital payment of various Tax heads

Ok thanks, you have tried

haibe:
Why is everyone amazed at 5k for tax? My tax is 5 digits and i am not even complaining

For this kind of job she described, 5k tax is extortion abeg. If the pay is not up to 100k, which I know it's not close to it and the boss is collecting 5k then it's cheating.
Paying tax of 5 digits and not complaining simply implies that the pay justifies the tax.

If you have spare fan carry it to your office or buy one its 6k or less.if you have personal laptop carry it to your office too.
For tax go to Lagos tax website input your pay and the amount to pay as paye will be shown.

lol...when we tell some idio.ts that it is not everybody that will be an entrepreneur, they'll be bragging stupidly about how they cannot work 9 to 5 or work for somebody else...blah blah bla i want to be my own boss rubbish. This is the result. person wey never chop belleful wan dey form boss dey employ people even though he doesn't need any employee.

midolian:
As a tax consultant, i expected you to ask what her gross income is like before your conclusion. Depending on your income, you can pay as much as 50k or more monthly.

Not saying the employer has said the truth..just saying its possible to pay 5k or more as tax monthly depending on your income..

I'm not saying it is impossible, just go through her post again....I'm really in a bad mood and can't argue please.

midolian:
Bro, i think your calculation is wrong..the 1% is applicable when your gross annual is 300k or below..you dont have to apply the CRA before arriving at the gross annual.

For the 300k n below, it is so becos the tax authority will get higher tax if the 1% is applied compared to the use of CRA n graduating rate.

This is just trial and error method. Ofcourse if your pay is N300k, it won't stand CRA. Hence 1% will be applied.

To general rule is that if your annual gross income minus (N200k + 20% of your gross income) is less than N300k, then 1% rate will be applied.

Now if you have tax exempts, pension, NHF, NHIS, and LAP, then you still minus it before applying the rate

haibe:


Oga I can lecture you on the personal income tax act as a whole sef.

My problem with you guys is that you don't even know her Gross Pay and you are commenting based on assumptions.

What theory works for govt only? How do you guys jump into conclusion

You argue blindly. A lady that's being sent errands here and their like a house help, and you're here trying to argue about her salary as if should would be collecting up to 70k. If you're to be the boss, how much would you pay such an employee monthly?

Ajixegun:


You argue blindly. A lady that's being sent errands here and their like a house help, and you're here trying to argue about her salary as if should would be collecting up to 70k. If you're to be the boss, how much would you pay such an employee monthly?

oga park well.. we dnt compute paye based on assumptions

Pls may I know the amount of the salary,so that I will know if 5k is ok or not

Sagay212:
lol...when we tell some idio.ts that it is not everybody that will be an entrepreneur, they'll be bragging stupidly about how they cannot work 9 to 5 or work for somebody else...blah blah bla i want to be my own boss rubbish. This is the result. person wey never chop belleful wan dey form boss dey employ people even though he doesn't need any employee.

bros abeg no make me laugh fall ground

No bs their fault, na all this motivational speaker dey prop d up coupled with unemployment.

In as much as entrepenuership is the best way to financial freedom its still the most tedious route for the faint hearted.

you are not an entreprneur if you idea/work as been done before. entrepreneur means new entry. bill gate introduce microsoft which was never around, steve job introduce apple a very different OS. likewise elon musk telsa or spaceX.
our very own njoku of iroko tv brought in something different.

anyone doing what an entrepenuer already done will only play catch up. look at mtn and others? dstv and others. this two introduce new idea into naija.

if you are a entrepenuer it will be your ideas and others. A pioneer always standout. stop letting motivational speakers prop you up. if its not new idea is not entrepenuer. entrepenuering means solving existing problem with new idea. anything apart from this is just joining the bandwagon of self employed.

entrepeneur needs serious funding and network buidling to eventually weave it altogether. jobberman is king because they are the first to launch an online job recruiting firm. linda ikeji because among the first set of bloggers. nairaland because its first set of forum. notjustok because it the first to solving music download.

To qualify as entrepeuer be the first to solve a problem.