← Legal Portal
🇳🇬
Personal Income Tax Act (PITA) as Amended
ActNigeria Federal June 1, 2011 Source: Federal Inland Revenue Service
taxincome taxPAYEPITCRApension
Summary (Plain English)
Nigeria's personal income tax law. Progressive tax bands from 7% to 24% on taxable income. Consolidated Relief Allowance (CRA): max(NGN 200,000, 1% gross) + 20% gross income — automatically deducted before tax calculation. Employers must deduct PAYE monthly and remit to State IRS. Minimum tax: 1% of gross income applies if calculated tax is lower. Pension contributions (8% employee) and NHF (2.5% of basic) are tax-deductible. Annual tax returns due by March 31.
What This Means For You
- • Progressive PIT rates: 7% to 24%
- • CRA automatically reduces taxable income
- • Pension (8%) and NHF (2.5%) are tax-deductible
- • Minimum tax: 1% of gross income
- • PAYE deducted monthly by employer
- • Annual returns due March 31
Original Source
https://firs.gov.ng/Content sourced from Federal Inland Revenue Service. Always refer to the official document for authoritative text.
Not legal advice. This summary is for informational purposes only. ONIM does not store or republish full legal texts. Always consult a qualified legal professional for advice specific to your situation.