Tax Calculator
Deductions and reliefs explained
Legal ways to reduce your taxable income
Tax Deductions and Reliefs
Deductions reduce your taxable income, meaning you pay less tax. Here are all the deductions KeepAm supports:
Pension Contribution
Rate: 8% of gross income (default)
Who qualifies: Everyone with pensionable employment
How it works: Automatically deducted before tax calculation
You can adjust the rate if you contribute more or less. Some employers contribute up to 10%.
Rent Relief
Rate: 20% of annual rent paid
Maximum: ₦500,000
Who qualifies: Anyone who pays rent
Example:
If you pay ₦3,000,000 rent:
National Housing Fund (NHF)
Rate: 2.5% of basic salary
Who qualifies: Employed individuals
Note: This is typically deducted by employers
National Health Insurance (NHIS)
Rate: 5% of basic salary
Who qualifies: Employed individuals
Note: Also typically deducted by employers