How to calculate PAYE tax in Nigeria

#payrolltaxes #exceltutorial #nigeria #PAYEcalculator Stop guessing your PAYE tax—learn how to calculate Nigerian payroll tax correctly in 2026! 🇳🇬📊 This step-by-step payroll guide shows you exactly how to calculate: ✅ Gross Pay ✅ Pension Deduction (8%) ✅ Rent Relief (Lower of ₦500,000 or 20% of actual rent paid) ✅ NHIS (5% of Basic Salary) ✅ NHF (2.5% of Basic Salary) ✅ Taxable Income ✅ PAYE Tax using Nigeria’s graduated tax bands ✅ Net Salary (Take-home pay) ✅ Effective Tax Rate Using a real-life Excel example, you’ll learn how to prepare accurate payslips and avoid common payroll mistakes that can lead to tax penalties, employee complaints, or compliance issues. Whether you're an accountant, payroll officer, HR professional, business owner, or student preparing for interviews, this guide is for you. Save this post for reference and share it with someone who needs help understanding payroll in Nigeria. Follow The Analytical Entrepreneur for practical tutorials on: 📌 Tax & Payroll 📌 Accounting 📌 Excel 📌 Data Analytics 📌 REV360 Compliance Tips Comment PAYROLL TEMPLATE if you need the free Excel Payroll Tax Calculator. #PAYENigeria #PayrollCalculation #NigeriaTax #PayrollTax #ExcelTutorial #AccountingNigeria #TaxCompliance #PayslipPreparation #PayrollOfficer #TheAnalyticalEntrepreneur ⏱️ Timestamps (if applicable): 00:00 Introduction 00:10 Stop Guessing Your PAYE Tax! (Hook) 00:20 What You’ll Learn in This Video 00:30 Understanding Payroll Tax in Nigeria 00:40 PAYE (Pay As You Earn) Explained 00:50 Pension Contribution (8%) Calculation 01:00 NHIS (5% of Basic Salary) Calculation 01:10 NHF (2.5% of Basic Salary) Calculation 01:20 Rent Relief Explained (Common Mistakes) 01:30 Employee Salary Example in Excel 01:40 Calculate Gross Income & Monthly Gross Pay 01:50 Calculate Pension Deduction 02:00 Calculate NHIS Deduction 02:10 Calculate NHF Deduction 02:20 Calculate Taxable Income 02:30 Apply Nigeria PAYE Tax Bands 02:40 Calculate Annual PAYE Tax 02:50 Calculate Monthly Net Salary (Take Home Pay) 03:00 Effective Tax Rate Explained 03:10 Download Free Excel PAYE Calculator Template 03:20 Common Payroll Mistakes to Avoid 03:30 Final Tips & Call to Action 03:40 Comment “PAYROLL TEMPLATE” for Free Download Follow The Analytical Entrepreneur for more practical tutorials on tax, payroll, Excel, and data analytics. 👉 Download the FREE Excel Payroll Template here: [https://ohimaiconsulting.gumroad.com/...] 👉 subscribe for weekly tips:    / @drojeaburu   ✅ Connect with Me 📩 Business inquiries/collaborations: [email protected]