PERSONAL INCOME TAX IN NIGERIA(PIT)

 Nigerian Personal Income tax rate is charged on a graduating scale after some allowance permitted by law.

Some relief allowed includes -20% of  gross emolument Plus200,000 NGN or 1%  of gross emolument whichever is higher. Others includes approved  Pension, gratuity,NHF............

See below the rate.
First-N300,000 -7%
Next-300,000  -11%
Next-500,000   -15%
Next-500,000   -19%
Next-1,600,000  -21%
Above-3,200,000-24%

Reference.
PITA-LFN

For more information call +234-80 67922530 or visit www.tconceptservices.com





Disclaimer: Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice. 

copyright(c) 2016-Obi Azubuike

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