Know your PAYE/ Personal Income Tax - Career

Know your PAYE/ Personal Income Tax - Career - Nairaland

Nairaland Forum › Nairaland General › Career › Know your PAYE/ Personal Income Tax (3717 Views)

Know your PAYE/ Personal Income Tax by Melian(op): 9:58am On Mar 03, 2018

Hey guys! It is my observation that a lot of Nigerians are victims of personal income overtaxation.

How much do you pay as income tax per month? Is your company accountant erroneously overcharging you? Drop your monthly/yearly income separating basic salary from other benefits and I'll tell you what your PAYE should be.

Also, are your taxes being remitted to the relevant tax authority on your behalf? Do you have a TCC to guarantee that? Every tax payer should have a Tax Clearance Certificate (TCC).

Good luck, y'all.

Re: Know your PAYE/ Personal Income Tax by Nobody: 7:50am On Mar 04, 2018*

Melian:
Hey guys! It is my observation that a lot of Nigerians are victims of personal income overtaxation.
.

Monthly gross income= N180000. What's the tax per month? Asking for a friend. Thanks in adv.

Re: Know your PAYE/ Personal Income Tax by Melian(op): 1:22pm On Mar 04, 2018*

You didn't say if there are other benefits from your employer, like health insurance, NHF, etc so I'll assume only pension for you.

Here goes:

@7.5% pension;
Your taxable income per annum is N1,366,000.
Tax payable/PAYE per annum is N179,540
Tax payable/PAYE per month is N14,962

@8% pension;
Your taxable income per annum is N1,355,200.
Tax payable/PAYE per annum is N177,488.
Tax payable/PAYE per month is N14,791.

Note: the new pension scheme stipulates 10% contribution for employers and 8% for employees. However, some companies still do the old 7.5% pension.

Re: Know your PAYE/ Personal Income Tax by toptop: 6:25am On Mar 05, 2018

Melian:
Hey guys! It is my observation that a lot of Nigerians are victims of personal income overtaxation.

How much do you pay as income tax per month? Is your company accountant erroneously overcharging you? Drop your monthly/yearly income separating basic salary from other benefits and I'll tell you what your PAYE should be.

Also, are your taxes being remitted to the relevant tax authority on your behalf? Do you have a TCC to guarantee that? Every tax payer should have a Tax Clearance Certificate (TCC).

Good luck, y'all.

Good to have you offer professional assistance. I think we can do some business together with your proven expertise.
If you are interested, kindly indicate.

Re: Know your PAYE/ Personal Income Tax by Melian(op): 8:38pm On Mar 05, 2018

toptop:
Good to have you offer professional assistance. I think we can do some business together with your proven expertise.
If you are interested, kindly indicate.

Yeah sure. This is what I love to do. Kindly tell your friends..invite everyone you know to this page. Danke.

Re: Know your PAYE/ Personal Income Tax by adeade2: 4:44pm On Dec 25, 2018

Hello, I discovered my payee was never remitted for a period of 7yrs. Is it possible to take legal action against my employer as I can not request for a tax certificate?

2 Likes

Re: Know your PAYE/ Personal Income Tax by Annihilator7: 6:02pm On Feb 10, 2019

Melian:
Hey guys! It is my observation that a lot of Nigerians are victims of personal income overtaxation.

How much do you pay as income tax per month? Is your company accountant erroneously overcharging you? Drop your monthly/yearly income separating basic salary from other benefits and I'll tell you what your PAYE should be.

Also, are your taxes being remitted to the relevant tax authority on your behalf? Do you have a TCC to guarantee that? Every tax payer should have a Tax Clearance Certificate (TCC).

Good luck, y'all.

Hello. Are you still doing This? How can I calculate mine.

Re: Know your PAYE/ Personal Income Tax by adeade2: 12:30am On Feb 11, 2019

Please I discovered my PAYE was never remitted for a period of 7yrs. Hence, I don't have my TCC. What do you think I can do?
Thanks

Re: Know your PAYE/ Personal Income Tax by Melian(op): 10:13am On Feb 14, 2019*

Annihilator7:
Hello. Are you still doing This? How can I calculate mine.

Just post your gross and I'll tell you your payable tax. Let me know of other statutory monthly deductions too like pension.

Re: Know your PAYE/ Personal Income Tax by Melian(op): 10:20am On Feb 14, 2019*

adeade2:
Hello, I discovered my payee was never remitted for a period of 7yrs. Is it possible to take legal action against my employer as I can not request for a tax certificate?

It's not advisable to take legal action against your employer.

Non-remittance of taxes is punishable by law on conviction. Go to LIRS office, speak to any official who would then direct the appropriate department (within LIRS) to take further action against your employer. A notice of assessment will be served on your employer then, following which an assessment will be carried out. On completion, LIRS will recover its dues and you'll be able to get your TCC

3 Likes

Re: Know your PAYE/ Personal Income Tax by adeade2: 6:57am On Feb 15, 2019

Thank you

Re: Know your PAYE/ Personal Income Tax by Omoluabi16(m): 1:49am On Mar 03, 2019

Melian:
Just post your gross and I'll tell you your payable tax. Let me know of other statutory monthly deductions too like pension.

Are you qualified yet?

Re: Know your PAYE/ Personal Income Tax by SMJay: 2:11pm On Aug 01, 2019

We need to talk

Melian:
It's not advisable to take legal action against your employer.

Non-remittance of taxes is punishable by law on conviction. Go to LIRS office, speak to any official who would then direct the appropriate department (within LIRS) to take further action against your employer. A notice of assessment will be served on your employer then, following which an assessment will be carried out. On completion, LIRS will recover its dues and you'll be able to get your TCC

Re: Know your PAYE/ Personal Income Tax by Melian(op): 4:56pm On Aug 03, 2019

SMJay:
We need to talk

What about?

Re: Know your PAYE/ Personal Income Tax by bleble40(f): 10:09pm On Aug 07, 2019

Why do they deduct tax from our salary, what is the benefit we have for paying tax.

1 Like

Re: Know your PAYE/ Personal Income Tax by SMJay: 4:07pm On Sep 05, 2019

Never Mind.

Melian:
What about?

Re: Know your PAYE/ Personal Income Tax by SMJay: 6:12pm On Jul 01, 2022

bleble40:
Why do they deduct tax from our salary, what is the benefit we have for paying tax.

1 Reply

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