₦airaland Forum

AlexBells:
I buy derica of garri 1200, it will serve me 6 meal. Now let’s look at this way, sometimes I prefer to eat akpu two hundred Naira own in the morning, two hundred Naira own in the afternoon, then in the night I can take tea and bread or akamu and plantain or akara now if I bought four Akpu that’s #400 I’m still left with 1600 then I buy one cup of melon, 350 then 600 fish, I don’t eat meat for some reasons. Then 100 bitterleaf I have the rest ingredients like oil, onions, etc. So you see 2K can cook decent meal for a bachelor who is okay with a decent life

Where do u buy one cup of melon for 350?
It's 550-600 here,nd a wrap of fufu is 150 i eat 3 at the minimum,100 own looks like buns of 50# last 2 yrs.
There's no way 2k can cook a decent meal for me even if i didn't use meat

This calculation is most likely correct
The net pay will be between 120k to 130k can't be higher than that. And as for the contributory pension, employer pays 10% while 8% is taken from the employee's salary

Mercylike:
Tax matter and payroll no easy ooo. Many people are just giving different figures.. I am totally confused

He already called the HR but she said they would discuss when he gets to office next week...

So he wants to know now before he approaches the HR to get explanation

Note: he got his first pay of 127k...and he thinks it is wrong as he expected 130k upward ..


Besides, employers pension contribution; is it supposed to be taken from the staff salary or the company pays that separate?

Mercylike:
Nairalanders, my friend got a job in a depot although he didn't get the position he wanted as a logistics person.

He was paid as this is his first month..

Offer letter shows below per annum:

Basic - 650000
Transport - 240000
Housing - 240000
Telecommunications - 120000
Lunch - 125000
Medical allowance - 125000
Wardrobe - 125000
Pension - 113000
Annual leave allowance - 65000

Total is 1,803,000 million.

Monthly salary is 150000k.

Note:
1. Out of this 150k, 8% employee pension fee will be deducted

2. Employer is also expected to contribute 10%

3. Paye (i don't know the amount of paye tax on this salary)


My question is; with the information above, how much is the employee supposed to collect at the end of the month .i.e Net monthly salary

Download the Nigerian tax/net pay calculator by deloitte west Africa.

Dyfynezz12:
Where do u buy one cup of melon for 350?
It's 550-600 here,nd a wrap of fufu is 150 i eat 3 at the minimum,100 own looks like buns of 50# last 2 yrs.
There's no way 2k can cook a decent meal for me even if i didn't use meat

Where do you stay sef, machine pealed melon my customer give me #350, hand pealed #450 Akpu here is 100 Naira and two raps is okay for me at one go, you stay in this our Enugu or Another state

Mercylike:
Nairalanders, my friend got a job in a depot although he didn't get the position he wanted as a logistics person.

He was paid as this is his first month..

Offer letter shows below per annum:

Basic - 650000
Transport - 240000
Housing - 240000
Telecommunications - 120000
Lunch - 125000
Medical allowance - 125000
Wardrobe - 125000
Pension - 113000
Annual leave allowance - 65000

Total is 1,803,000 million.

Monthly salary is 150000k.

Note:
1. Out of this 150k, 8% employee pension fee will be deducted

2. Employer is also expected to contribute 10%

3. Paye (i don't know the amount of paye tax on this salary)


My question is; with the information above, how much is the employee supposed to collect at the end of the month .i.e Net monthly salary

You want to know your boyfriend's salary

icansimeon@yahoo.com

iamoyindamola:
Madam pension is deductible you are not suppose to add the 113000 to payment
Anyway the total gross is 169000
His netpay is 122804
Paye is 10496

Find attached as nairaland no allow document attachment

Note:
If you add the pension of 113000 as payment
The netpay is actually 130857.07

icansimi:
icansimeon@yahoo.com

sent

livenletlive:
Mine is finegabby8@gmail.com
Please reach me.

sent

Una still dey tithe this time?omo you fear jesus pass GOD.

iamoyindamola:
Madam pension is deductible you are not suppose to add the 113000 to payment
Anyway the total gross is 169000
His netpay is 122804
Paye is 10496

Find attached as nairaland no allow document attachment

Note:
If you add the pension of 113000 as payment
The netpay is actually 130857.07

Leave allowance is not paid monthly

Rubyjade:
Leave allowance is not paid monthly

It is bola
Use in calculating PAYE you have to spread it across 12
After you can now pay it in full once

iamoyindamola:
It is bola
Use in calculating PAYE you have to spread it across 12
After you can now pay it in full once

Noted.

Mercylike:
Tax matter and payroll no easy ooo. Many people are just giving different figures.. I am totally confused

He already called the HR but she said they would discuss when he gets to office next week...

So he wants to know now before he approaches the HR to get explanation

Note: he got his first pay of 127k...and he thinks it is wrong as he expected 130k upward ..


Besides, employers pension contribution; is it supposed to be taken from the staff salary or the company pays that separate?

The HR is right, if your friend's company is following this payroll:

If Annual salary = N1,803,000

Annual pension is 8% of N150,000 = N12,000 * 12 = N144,000

Annual PAYEE is 7.5% of N150,000 = N11,250 * 12 = N135,000

Therefore:
Annual Statutory deduction = N144,000 + N135,000 = N279,000

Monthly Salary = N1,803,000 - N279,000
= N1,524,000 / 12 = N127,000

AlexBells:
Where do you stay sef, machine pealed melon my customer give me #350, hand pealed #450 Akpu here is 100 Naira and two raps is okay for me at one go, you stay in this our Enugu or Another state

Even before The Tinubulation I havnt bought melon for 350.
I stay at Umuahia

Dyfynezz12:
Even before The Tinubulation I havnt bought melon for 350.
I stay at Umuahia

Ha you are missing. It used to be #250 here. Enugu is is more agricultural than Abia still have boundary Kogi and Benue food is somewhat cheaper here if you know your way around

AlexBells:
Ha you are missing. It used to be #250 here. Enugu is is more agricultural than Abia still have boundary Kogi and Benue food is somewhat cheaper here if you know your way around

Hmm,food is expensive here o

AlexBells:
I cook with 2K, last Saturday I entered market with 14K, Akwanta market to be precise, bought half painter of Pepper, 3K, two tubers Of small yam, 1200 (#600) each, half painted of garri 1200, half painter of rice #2200 half painter of beans #2200, potato #800, onions 200 abiut 10 small pieces, went home with much change, this is already Thursday and I haven’t even gone half the food while I use the change I came back with refil gas, my gas is small three KG and still be buying other ingredients lol, life no too costly Na you dey buy for steer

You are being economical with the truth here. Rice and beans are not the same price. Rice is by far, more costly than Beans.

Typing:
You are being economical with the truth here. Rice and beans are not the same price. Rice is by far, more costly than Beans.

It used to be but currently they are both same price in Enugu. A cup of rice is 250 in the street just like a cup of beans. Three weeks ago it used to be 180

OGA NA DEPOT WORK
FORGET SALARY
U GO DEY SEE CHUA CHUA MONEY

This is from FIRS

Na d system of taxation dey chop am,
Pay as you earn ...

Please what is the interest rate on pension fund.

Is it monthly interest or annual.

Thank you.