Jun 16 / Upturn

Statutory Deductions and Remissions in the Payroll

#easypayrollguide #fingertipinfo

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This is an easy guide to payroll computation. Think of it as a cheat sheet. The statutory deductions in Nigeria have been summarised so far:
* HMO in Nigeria is usually remitted annually per staff, but could also be remitted monthly, depending on the arrangement between the company and the healthcare provider and the range of healthcare services.
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N/A: Non-Applicable
This table isn't exhaustive, as there are specific information you need to know about all these deductions and remissions.

Which is why you will need our Payroll course, which goes in-depth into the table above. In the course, you will learn about each Act, and how they guide payroll computation in Nigeria. You also get a comprehensive Payroll template that has these formulas embedded based on the stipulations given by law. The only thing you have to worry about is inputting your figures, and you're good to go!
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