ICANTaxationPersonal Income Tax: Reliefs and Computation2024

Which of the following contributions is NOT deductible in arriving at chargeable income under PITA?

ANational Housing Fund contribution
BPension contribution to an approved scheme
CLife assurance premium on the taxpayer's own life
DSubscription to a social clubCORRECT
AI
Toaster Teacher
Why the answer is D, and why the others tempt you.
NHF contributions, approved pension contributions, NHIS contributions and life assurance premiums are specifically allowed as tax-deductible. A social club subscription is private expenditure and is not deductible.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →

Practice more Taxation questions

ICAN Taxation has thousands more questions like this — with Worked answers on every one.

Start practicing free →See all Taxation questions