The CRA is the biggest tax relief for Nigerian employees. Learn the formula.
The Consolidated Relief Allowance (CRA) is a relief granted to reduce your taxable income.
Formula: Higher of N200,000 or 1% of Gross Income much plus 20% of Gross Income.
Note: Since 1% is usually negligible compared to N200k, most people just use N200,000 + 20%.
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