Easy To Use Table For Computing Personal Income Tax Based On Self Assessment

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The table below is simple guide to determining how much tax you are liable to pay should you want to file for taxes based on Self Assessment. Self Assessment is basically, a method where the tax payers are allowed to calculate their taxes based on their income rather than allowing the tax authorities do it for them. The idea is to capture as much people as possible under the tax net who mostly belong to the informal sector. Whilst this is just a simple guide, I have another tutorial on this blog explaining how to compute the PAYE as well which incorporates other deductions such as Pensions, NHF.

 

The Self Assessment Table mirrors what is recommended by the Lagos State Internal Revenue. Get the template Self Assessment Table