Payroll Settings
Configure pay schedule, statutory rates, and processing preferences.
Pay Schedule
When and how payroll is processed each month.
Employees are paid on this day monthly.
HR receives a reminder email this many days before payroll is due.
Auto-run Payroll
Automatically process payroll on pay day without manual approval.
Require Approval Before Processing
A Finance Manager must approve each payroll run before it executes.
Statutory Deductions
Nigerian statutory contribution rates (as percentages of basic salary).
PENCOM minimum: 8%
PENCOM minimum: 10%
National Housing Fund: 2.5%
National Health Insurance: 1.75%
National Health Insurance: 5%
These rates are configured by law. Only modify if regulatory rates have changed. Consult your legal team before adjusting.
PAYE Tax Brackets
Nigeria personal income tax bands (Finance Act 2023).
| Income From (₦) | Income To (₦) | Rate (%) |
|---|---|---|
% Band 1 | ||
% Band 2 | ||
% Band 3 | ||
% Band 4 | ||
% Band 5 | ||
| No limit | % Band 6 |
6 tax bandsEffective tax rates: 7%–24%