Employees are advised to examine their payslips closely. Certain deductions can affect the amount of income subject to tax. Not all salary deductions are taxes, as some may reduce taxable income.
Further information is available on the distinction between deductions and taxes. This includes details on specific types of contributions that may be relevant to tax calculations.
The source provides more details on how these deductions work, including the role of certain schemes in determining taxable income.
By Adedayo Olalekan Every rainy season, Lagos holds its breath. Streets vanish under brown water. Cars stall mid-bridge. Families wade home carrying what they can save. And every year, the same question resurfaces: who let this happen — and who, if anyone, is prepared to stop it?...
The Nigerian Army has begun an investigation into an officer, Captain Etim Essien, over an allegation of sexually abusing a 13-year-old in Jos, Plateau Sta Read More: https://punchng.com/army-probes-officer-over-alleged-sexual-abuse-of-13-year-old/...
An editorial on the recurring outbreaks of Lassa fever and diphtheria in Nigeria, which have led to numerous preventable deaths across several states. Read More: https://punchng.com/recurring-incidence-of-lassa-fever-diphtheria/...
The National Association of Nigerian Students says it will not automatically support any party in the 2027 elections, demanding earned support via performa Read More: https://punchng.com/2027-students-seek-performance-from-parties/...
AC Milan are preparing to open contract talks with Nigerian winger Samuel Chukwueze following his impressive start to the Serie A season. Read More: https://punchng.com/milan-set-to-reward-chukwueze-with-new-deal/...
Boxer Godday Appah and streamer Carter Efe clashed with their opponents at a press conference ahead of their ‘Chaos in the Ring’ bouts in Lagos. Read More: https://punchng.com/chaos-in-the-ring-appah-carter-efe-to-headline-independence-day-clash/...
Nigeria’s Kanyinsola Ajayi finished fourth in the men’s 100m final at the World Athletics Ultimate Championships, while Ezekiel Nathaniel reached the 400m Read More: https://punchng.com/ultimate-champ-ajayi-finishes-4th-as-nathaniel-reaches-final/...
Inter Lagos host Sporting Lagos in the first top-flight Lagos derby in 10 years, with both NPFL sides seeking their first points and goals of the season. Read More: https://punchng.com/rivals-clash-in-first-lagos-derby-in-10-years/...
The Nigerian Navy has expanded its civil-military projects in Gombe State, commissioning a new NYSC lodge and an upgraded dispensary in Malam Sidi. Read More: https://punchng.com/navy-expands-grassroots-projects-in-gombe/...
Ogun Senator Shuaib Salisu has commended President Tinubu’s education reforms, saying the Student Loan Fund has improved access to tertiary education. Read More: https://punchng.com/ogun-senator-hails-tinubus-education-reforms/...
President Bola Tinubu and northern governors have mourned the death of former PDP National Chairman, Alhaji Bamanga Tukur, who died in Abuja at the age of Read More: https://punchng.com/president-northern-govs-mourn-ex-pdp-chair-tukur/...
..Hail decades of service to Nigeria By Ben Ngwakwe, Gombe GOMBE — The Chairman of the Northern Nigeria Governors’ Forum, NNGF, and Governor of Gombe State, Muhammadu Inuwa Yahaya, has expressed grief over the death of elder statesman, former Governor of the old Gongola State and...
