₦airaland Forum

Dear all,

Compliments of the season.

Guess what I stumbled upon over the break?

https://www.quickteller.com/ilidtcc a link on quickteller with cheap 24hrs data bundle for MTN and ETISALAT users.

For more info visit www.cheaperdata.com

Why pay more when you can pay less?

Regards,

Hi all, currently preparing for my first round interview with Mckinsey. Anybody in possession with the look over my shoulder videos by victor cheng. Would appreciate any help in getting this videos. $97 is a little bit above my materiality for now .

Gracias

After how many months.

What happened to all our analyst today?

Y'al should calm down. EY wud surly contact each and every one of you.

Who is through with the pre-read. Needs a succinct version

EsosaDiva: @kcollins, my own na accomodation o... Abeg anyy info?

Whr in lagos do u reside presently?

[color=#000099][/color]Please who knows where Berlin Market is in Idumota. Help an indigent fella get some nice shirts ;DPlease who knows where Berlin Market is in Idumota. Help an indigent fella get some nice shirts

sanity27: Hi all,just seeing what has trailed my previous post and in reaction to that,the initial post has been modified!
Sincerely,it all depends on how u choose to see it.There are sites where u can find salaries of bigger international firms and this means entirely nothing. I think our culture of secrecy has just had its rub-off on us all.
All we just wanted to do was to help ourselves, but going by the bidding of the house,i have complied.
Others can modify their quotes if they so desire.
No offence meant/picked in all sincerity,ur notices r appreciated.
Thanks

Sanity, please note that you are not being chastised for your actions. Its just that In the corporate world, there is what we call confidentiality which should be held in high esteem. Its part of the "soft skills" requisite to be successful in the business environment. I believe you had good intentions but remember a word spoken that brought peace in a community might spark war if spoken in another.

Phonon: Well,you have a point.All the same,no harm done.

In all truth, its unprofessional.

sanity27: After my last post, i found out somethings that helped in calculating the percentage tax deduction and the eventual take home.I hope it will help eradicate any headache and curiosity.

In d new PITA, all reliefs and allowances are termed 'Consolidated Relief Allowance'(CRA), which is 20% of gross(total guaranteed cash income,in our case) plus 200k. 410,856.4 + 200K = 610,856.4
i.e 20% 0f 2,054,282 + 200k = 610,856.4

Exemptions are;

Pension(7.5% of Basic+Housing+Transport)= 101,753.77
National Housing Fund(NHF)= 2.5% of Basic= 29,667.9


Tax free income=CRA+NHF+Pension
i.e 610,856.4+29,667.9+101,753.77= 742,278.07

Hence, Taxable income = total guaranteed cash income less tax free income
i.e 2,054,282-742,278.07= 1,312,003

Applying the PAYE graduated scale applicable to employee resident in lagos state, we have;
1st 300k 5% which is 15,000
Next 300k 10% which is 30,000
Next 500k 15% which is 75,000
Bal 212,003 20% which is 42,400.6

Total annual tax equals 15,000+30,000+75,000+42,400.6= 162,400.6
Monthly tax payment equals 13,533.38

Conclusively, since the 13th month pay and leave bonus will not b paid monthly but yearly, total monthly pay will be;

2,054,282-annual tax-(118,672+98,893 i.e leave n 13th month)= 1,674,316.4 den divide dis by 12 to get the monthly pay = 139,529.



End of story!!!!!!!!!!!

Nice analysis but I doubt if the NHF is still part of tax relief since you already have 7.5% of housing, basic and transport. Moreover the new PITA rate are 7%, 11%, 15%, 19%, 21% and 24%.

whales88: Pls any 1 with the idea of how I can get to the KPMG tower from oshodi. My test is 10am 2moro morning.

Better still, from cms/obalende take a bus going to maroko sandfill/lekki respectively. Alight @ 2nd gate, walk straight down as if u continuing the journey by foot. bishop aboyade cole is the street on the 1st turning by your right. You can't miss it!

Luchay89: Hrd dey pay higher than KPMG dats 103k, pls any1 wit d exact amount.

U talkn basic pay or allowance inclusive?

Chy-d-girl:
Hello house, pls I got an aptitude test invitation by Kpmg to hold on Tuesday 20th Aug 2013, pls who knows if I can reschedule it cos I'm not too strong to travel frm east to lagos

Yes you can, but you put yourself in the risk of waiting till next year's recruitment

sanity27: Once again, congrats to all!
I have few questions to ask;
1)Who has an idea of the percentage tax deduction and what the take home per month will eventually be?
2)When will the references from the referees be appropriate (during or after training) and should it be a confidential report to be sent directly by the referees or it can be hand-taken by the employee?
Thank you guys for being there always.
Nice week ahead.

That que shd be directed to the HRM during the training session. You wud have all the leverage to ask any question boiling within you. However, Percentage tax shd be based on the new PITA ceteris paribus. With that you can have a rough figure before hand

coenzyme: I did med on 7th Wed, just got a mail to come get my offer leta. Are u with me?

See u in d towers.

EsosaDiva: U don medicals?

Yes dawls, wud be seeing you @ d towers come 9/9/2013

Mr. OON:
congrats bro. I hope to replicate ur statement here soon IJN. Amen.

God be with us all

olumyde: Please, what course did u study in school and which department did u apply to at kpmg?

Economics/audit

At last, it ended in praise. Offer letter beckons.

IfySylvia: Hello House.
First, I'm very grateful to Yetunde (I don't know your NL name) and indirectly to Lewenski for the GMAT copy.
Please does any one know what the EY recruitment process entails and how long it takes for their test results to be out? Hello House.
First, I'm very grateful to Yetunde (I don't know your NL name) and indirectly to Lewenski for the GMAT copy.
Please does any one know what the EY recruitment process entails and how long it takes for their test results to be out?

I asked one of the staff that supervised the test today and he said, successful candidates would be scheduled for an interview and that ends it.

Waiting anxiously for my offer letter. I know he won't let me fall.

funmies: Thanks Cynth, I have seen the mail. Thanks dear.

Hi dear, culd be kind enuf 2 forward relevant materials for the test. Thanks in anticipation.
E: koladecollins@yahoo.co.uk

buchaisky: Just sent to kolade collins and taiwo akinye. Pls u guys can redistribute to others. Its neva too late to practice.

Thanks mate!!! Would acknowledge on receipt

Lewenski12: Chk ur mail.. And distrubute to others.. Enjoy.

Please. Wudnt mnd the materials too. Koladecollins@yahoo.co.uk. Thanks

buchaisky: check ur mail...just did! Success tomorrow.

Pls kindly forward to koladecollins@yahoo.co.uk. Thanks.