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
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