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Tax Experts, How Much Is He Supposed To Receive At The End Of The Month? - Career - Nairaland 5qt43

Tax Experts, How Much Is He Supposed To Receive At The End Of The Month? (11597 Views)

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Mercylike: 2:05pm On Feb 29, 2024
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

9 Likes 1 Share

Mercylike: 2:06pm On Feb 29, 2024
Tax matter and payroll no easy ooo. Many people are just giving different figures.. I am totally confused cry cry cry

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?
Prec1ous(m): 2:22pm On Feb 29, 2024
Something around 130k net

5 Likes

Mercylike: 2:43pm On Feb 29, 2024
Prec1ous:
Something around 130k net

Pls how did you calculate this
DenreleDave(m): 2:48pm On Feb 29, 2024
Omo 150k for this economy no fit do anytin oooo.

How your friend dey take cope sef undecided undecided undecided


He should get notin like that 135k after all deduction. Just guessing though undecided undecided

33 Likes

PrinceGallant: 2:48pm On Feb 29, 2024
HR is also readi g the post

11 Likes 1 Share

samwillyco1(m): 2:48pm On Feb 29, 2024
See money
NaijaCover(m): 2:49pm On Feb 29, 2024
At least 200,000naira
FalseProphet1(m): 2:49pm On Feb 29, 2024
Add tithe deduction and I'll tell you how much ges suppose to be getting every month.

This I have seen.

1 Like

iamoyindamola(m): 2:49pm On Feb 29, 2024
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



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

41 Likes 4 Shares

Ustec: 2:49pm On Feb 29, 2024
They decides the amount.
AlexBells(m): 2:50pm On Feb 29, 2024
DenreleDave:
Omo 150k for this economy no fit do anytin oooo.


How your friend dey take cope sef undecided undecided undecided
No collect the one you see, if the friend is single, 150k is a huge amount, I still prepare a nice meal with 2K here in Enugu

10 Likes

arinzos(m): 2:51pm On Feb 29, 2024
DenreleDave:
Omo 150k for this economy no fit do anytin oooo.


How your friend dey take cope sef undecided undecided undecided
How many Nigerian de collect reach 150k.

150k is nothing but majority earn way less than this and they are still surviving.
Who go survive go survive.

21 Likes 3 Shares

extyme: 2:53pm On Feb 29, 2024
no be small thing
Cj4charles(m): 2:54pm On Feb 29, 2024
DenreleDave:
Omo 150k for this economy no fit do anytin oooo.


How your friend dey take cope sef undecided undecided undecided
I swear down bro... 1 Million no dey last again, The Government have killed the Nation
raphemmanuel(m): 2:55pm On Feb 29, 2024
DenreleDave:
Omo 150k for this economy no fit do anytin oooo.


How your friend dey take cope sef undecided undecided undecided
how will you be saying such.
=>How much do you earn monthly.
=>Since the economy is very bad, how many people have you empowered.
=>If you are a business owner and you have an employee, how much are you paying them.

How is 150k a small money. What about those surviving on 50k salary.
Some people will just be forming what I can't explain on social media.

27 Likes 5 Shares

ednut1(m): 2:56pm On Feb 29, 2024
There are nigeria paye tax calculators on the internet. Search on google

See one
https://ng.talent.com/tax-calculator?salary=150000&from=month&region=Nigeria

34 Likes 3 Shares

43Ronin: 2:57pm On Feb 29, 2024
You won't know untill you get the first pay cheque. Some things there might not be paid with the salary. Buy why are interested in padimans take home?

3 Likes

Jez9(m): 2:58pm On Feb 29, 2024
They decide..He should just chill fold arms and see what comes in as first salary. Stop rushing you are projecting desperation.

#Telejeje o Awe yi

2 Likes 1 Share

goodsam23: 2:58pm On Feb 29, 2024
His take home is #124,407.
Its in the range of 120-130k monthly.
All the best.

1 Like

43Ronin: 3:01pm On Feb 29, 2024
Prec1ous:
Something around 130k net
U no try o, u no be correct guy. Padiman babe wan calculate him salary you rush twe twe.
SALLYBERRY01(m): 3:02pm On Feb 29, 2024
Ok
Adedejiub(m): 3:02pm On Feb 29, 2024
Approximately This

Pension (Employee Contributions)/Month 10,833.33
PAYE/Month 9,125.00
Net pay/month 115,458.33

1 Like

43Ronin: 3:04pm On Feb 29, 2024
Adedejiub:
Approximately This

Pension (Employee Contributions)/Month 10,833.33
PAYE/Month 9,125.00
Net pay/month 115,458.33

Na wa o. Red pillars no dey this front page o. Padiman no tell him babe he take home, you rush type am. Una dey jonze ooo

1 Like

DenreleDave(m): 3:08pm On Feb 29, 2024
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

Bro you are good oooo


I want to learn this thing

Can I send you an email so u send me the soft copy?

31 Likes

DenreleDave(m): 3:12pm On Feb 29, 2024
raphemmanuel:
how will you be saying such.
=>How much do you earn monthly.
=>Since the economy is very bad, how many people have you empowered.
=>If you are a business owner and you have an employee, how much are you paying them.

How is 150k a small money. What about those surviving on 50k salary.
Some people will just be forming what I can't explain on social media.

I am not fighting him na

27 Likes

david22uu(m): 3:15pm On Feb 29, 2024
DenreleDave:
Omo 150k for this economy no fit do anytin oooo.

How your friend dey take cope sef undecided undecided undecided


He should get notin like that 135k after all deduction. Just guessing though undecided undecided

How much do you think people earn on the average.... stop discouraging hardworking

6 Likes 1 Share

ozemestats(m): 3:15pm On Feb 29, 2024
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

1,803,000 comes to 150,250/monthly. I haven't seen/heard of pension allowance before. Anyways, let's assume the monthly gross is 150,000. If total compulsory deduction is the 8% for pension, then your annual tax payment is 133,712. That is 11,142.67 per month

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