How PAYE TAX was deducted from Employees Salary in NIGERIA before FINANCE ACT 2020

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Пікірлер: 37

@MichaelIheanacho-p2u 5 ай бұрын

Thank you so much tolu. Your lectures on this PAYE and other topics under skills helped me to score 69% even when I only answered one question on the 20marks question

@user-ri1vc4qv8j Жыл бұрын

This video is really good. Thank you so muchh. We are really funding these politicians' lifestyles 😂😂😂 I'm saving this video. Thank you so much

@ahmednjidda6182 Жыл бұрын

You've been helpful tolu. Watching from Adamawa. Thanks for this.

@I-Study1 Жыл бұрын

If my lecturer teaches like this, I would have had a first class. More wins 🏆

@kemikalejaye6986 Жыл бұрын

Thanks tolu sule, you made this easy. Am just getting this

@cswealthtv-theschoolofmone8677 Жыл бұрын

This is awesome! Thanks for this explanation.

@sam-j4zy Жыл бұрын

Beauty with brain thanks for sharing

@ademolajulius7707 Ай бұрын

God bless you mama❤🎉

@victorjibrin7114 9 ай бұрын

Thank you for the video. But the last calculation contradicted what you said earlier. You said 24% of ANYTHING ABOVE 3.2 million. Why taxing the last 920k when it's not even up to 3.2 million?

@chiboy_speaks 3 ай бұрын

anything above 3.2m , 4,120,000m is above 3.2m

@chiboy_speaks 3 ай бұрын

She meant anything above 3.2m,the taxable income is above that

@CapacityDesk Жыл бұрын

Current Pita act demands that you deduct exemptions such as pension and NHF from the gross before you calculate CRA thus making your reliefs less in value.

@gaming_he_is 7 ай бұрын

Yeah that's true, I just read it from FIRS Website now now 👍📊

@beingZeeky Жыл бұрын

Kudos, Tolu! Can you make a video on Payroll Accounting?

@queenodumosu8759 11 ай бұрын

Hi. Thanks for making these videos they're really helpful😊. I wanted to ask, if the final chargeable income isn't up to #3.2million should 24% rate still apply? Someone actually taught that 21% should be used if the final figure is less that #3.2million. Please could you clarify🙏

@nancyfakrogha7065 7 ай бұрын

Great video, thank you. I would love for you to explain if the 500k is the monthly take-home being taxed or if companies can choose to use, for example, 100k out of the 500k as basic salary and do the calculations on 1.2M annually

@amyzeldigitalstv 6 ай бұрын

Very unfair to taxpayer. thank Sis

@obongcy8289 4 ай бұрын

Your video is really helpful. But I’m a bit lost from the part where you were calculating the progressive taxing, 7%, 11%, etc., you said that you could remember them by heart because they’re spaced in fours, but after 19%, you went on to 21% and 24%; also the last part where you taxed 24% on 920k. Could you please help to clarify?

@Intoxykarrrr 8 ай бұрын

Yopur video title says before teh finance act of 2020. Did the finance act of 2020 change this? Is there an update on how PIT is now managed?

@Tifedux 9 ай бұрын

I was lost at the 300k reduction at first the basic was 500 why will they remove from the first 300.... My question

@gaming_he_is 7 ай бұрын

How can you tax N920K 24% if its not over N3.2M I think that's Wrong 👩‍🏫😡

@onyinyeezenwa2982 Жыл бұрын

Please, kindly confirm, whether the additional 20% relief is deducted from the gross income or the earned income (ie after pension and NHF had been deducted) 🙏

@beingZeeky Жыл бұрын

20% deducted from Earned Income.