This is tax calculator. It's a free SME toolkit utility. It calculates income tax called Pay As You Earned tax amount(PAYE) that is deductible from staff salary according to the requirements of Nigeria personal income tax Act of 2011 (PITA 2011). It helps employer with filing tax return to revenue agency while it provides means for employees to verify PAYE tax deducted from their paycheck.

Employment PAYE Tax Calculator

 

 
DESCRIPTION
MONTHLY
YEARLY
50%
25%
25%
Gross Pay ()
100,000.00
1,200,000.00
Taxable Income ()
58,333.33
700,000.00
PAYE Tax ()
5,750.00
69,000.00
Effective Tax Rate (%)
5.75
5.75
Total Deductions ()
10,750.00
129,000.00
Net Salary ()
89,250.00
1,071,000.00