FULL BREAKDOWN OF EMPLOYMENT COSTS

Salary Breakdown for NigeriaMonthly($)Annual($)
Basic1,500,000.0018,000,000.00
Housing1,200,000.0014,400,000.00
Transport1,200,000.0014,400,000.00
Telephone900,000.0010,800,000.00
Lunch Allowance600,000.007,200,000.00
Utility600,000.007,200,000.00
GROSS INCOME6,000,000.0072,000,000.00
NHF37,500.00450,000.00
Employee's Pension31,200.00374,400.00
PAYE1,422,666.6717,072,000.00
SALARY DEDUCTION1,491,366.6717,896,400.00
TAKE HOME PAY4,508,633.3354,103,600.00
Additional ProvisionNaNNaN
Leave Allowance180,000.002,160,000.00
13th Month1,800,000.0021,600,000.00
Group Life Insurance108,000.001,296,000.00
NSITF @ 1% of Payroll60,000.00720,000.00
ITF60,000.00720,000.00
HMO10,450.00125,400.00
Employer's Pension(10% of BHT)390,000.004,680,000.00
Total Employee Emolument8,158,450.0097,901,400.00
Management Fee(10% of Gross Income)60,000.00720,000.00
VAT @7.5% of Mgt Fee4,500.0054,000.00
AMOUNT PAYABLE TO SERVICE PROVIDER1,491,366.6717,896,400.00
Employer Contributions618,000.007,416,000.00
Total Employer Cost6,618,000.0079,416,000.00