Cole Oludotun

A person earning ₦77,000 monthly (or ₦924,000 annually in gross income) falls within the tax-free bracket after deductions. The ₦800,000 is net income (Taxable income) not gross income. It means that the threshold is almost 1,200,000 in terms of gross income. Still, let's follow your scenario assuming ₦994,000 is the annual taxable income (net after mandatory deductions like pension, etc.): First ₦800,000 = Tax Free (₦0 tax) Next ₦194,000 = 15% tax → ₦194,000 × 0.15 = ₦29,100 Total annual tax liability: ₦29,100 Monthly tax: ₦29,100 ÷ 12 ≈ ₦2,433.33 (or exactly ₦2,433 per month) Additionally, with the rent relief (deductible up to ₦500,000 annually under certain conditions), this could reduce the taxable income further. If fully applied and sufficient documentation is provided, it could bring the taxable portion to zero or near zero, making the person completely tax-exempt on income at this level. Even in the worst case (no rent relief applied), the monthly tax would only be around ₦2,434. With rent relief, many in this income bracket pay ₦0 income tax. While in the old tax regime we are using, a person earning ₦994,000 (as taxable income) will pay tax as follows: 1. First ₦300,000 = 7% → ₦21,000 2. Next ₦300,000 = 11% → ₦33,000 3. Next ₦394,000 (remaining up to ₦994,000) = 15% → ₦59,100 With this income, in the old tax system, you will pay ₦113,100 (₦21,000 + ₦33,000 + ₦59,100) as income tax alone. Coupled with other sets of nuisance taxes. While in the new system, it is just ₦29,100! Choose for yourself. @taiwoyedele @mrlurvy @SirJarus

🔴⚪ Is the Champions League actually the Champions League? 🤔 I'm asking that question because Only 15 of the 36 teams this season won their league last year. That's 41%. In 1955, the European Cup had one rule: win your league or stay home. Champions only. The best of the best. Second place went to the UEFA Cup, which is why that cup meant so much more than the Europa League does today. You had to be perfect to get in. Now? 36 teams. A league phase. And most of them never lifted their league trophy. Meanwhile, a champion from a smaller league has to fight through qualifying just to get a seat. Some can't even get in because of the league they play in. Yes, I get the coefficient argument. Fifth in the Premier League is better than first in Scotland. That's the truth. But the Scottish champion going to the Europa League? That's not right either. So who is it really for? The champions, or the big leagues? I'm not saying go back to 1955. Quality matters. But at least 18 of the 36 should be champions. Half. That's the balance. The Champions League should have champions in it. Is that too much to ask, UEFA? 👀 COYG 🔴⚪

Hi, I'd really appreciate it if you would share or donate to this campaign! *HELP TUNDE KELANI BEAT CANCER * undefined… Donate here: oncrowdr.com/explore/c/help-… Forward this message to your contacts to help this campaign reach its goal!

I haven't seen or heard of anyone going to report his or her uncle, aunty, father, mother, brother, sister, husband, wife, son, daughter or friend, for indulging in the production of fake products in Nigeria.. Are the people involved in these productions ghosts?

The PSP are the major problems. I don’t know how they got the contracts but i believe it should be reviewed. They used to come every week before all of a sudden they increase their fee then they choose to come anytime they want. It can be once in a month or twice if we’re lucky.