Your payslip explained! By Abimbola Abdur-rahman Lekki

Again, there is an important distinction:A deduction from your salary is not necessarily an additional tax.Where the law recognises the deduction in determining chargeable income, it may reduce the amount of income on which your tax is calculated.Employees should therefore check their payslips and relevant remittance records to ensure that deductions described as NHF are properly accounted for.4. Health Insurance ContributionsQualifying contributions under the National Health Insurance Scheme a