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

Your Gross Salary per month is N150,000.00
Your Pension (Employee contribution) is 8% of your Basic, Housing & Transport which is N7,533.33
Your PAYE (Pay as you earn) is N11,821.60
Your Net Salary which is your disposable income is N130,645.07.

Tell your HR to balance you up.

You can only access a certain percentage if you are out of job for more than 3months or when you clock the age of 50 you will also have access to a certain percentage.

Him dey do pressy without pay?