This video explained how to compute employees Personal Income Tax (PAYE) in accordance with 2020 Finance ACT of FGN using Excel. It assumes zero knowledge of what PAYE is. It shows how to compute Total Income, Gross Income, National Housing Fund(NHF), Pension Contributions, Consolidated Relief and Allowance (CRA), Chargeable Income and Tax Payables using tax rate calendar. Apart from all these, you will also learn how to interpret conditional words into formulas if you are dealing with other issues.
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I remain your humble guy,
Ibraheem Babatunde, ACA MNAEE, MIAEE, MSc. Energy Finance, BSc. Economics.
Use Excel and be Excel!!
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