The first ₦300,000 of an individual's taxable income is charged at:
A5%
B7%CORRECT
C11%
D15%
ICANTaxationPersonal Income Tax: Reliefs and Computation2025
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Why the answer is B, and why the others tempt you.
The graduated PITA rates begin at 7% on the first ₦300,000, then 11% on the next ₦300,000, 15% on the next ₦500,000, 19% on the next ₦500,000, 21% on the next ₦1,600,000, and 24% on the balance.
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