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The Statement of Earnings Form is a mandatory payroll document in Nigeria that provides a comprehensive record of employee compensation and deductions. It is required by various Nigerian regulations, including the Labour Act and Personal Income Tax Act, and must be issued to employees with each payment of wages or salary. The document includes essential information such as basic salary, allowances, overtime pay, statutory deductions (including tax, pension, and National Housing Fund contributions), and other deductions. It serves multiple purposes: providing employees with clear documentation of their earnings, helping employers maintain accurate payroll records, and supporting compliance with tax authorities and other regulatory bodies. The form is crucial for both internal record-keeping and external reporting requirements.

1. Employee Information: Essential details including employee name, ID number, department, position, and date of joining

2. Pay Period Information: Specific period for which earnings are being reported, including start and end dates

3. Basic Salary Details: Base salary amount before any additions or deductions

4. Allowances: Breakdown of all additional payments such as housing, transport, meal allowances

5. Overtime and Additional Earnings: Details of overtime hours worked and other additional earnings

6. Statutory Deductions: Mandatory deductions including PAYE tax, pension contributions, National Housing Fund

7. Other Deductions: Non-statutory deductions such as loan repayments, union dues, or voluntary savings

8. Net Pay Calculation: Final amount payable after all additions and deductions

9. Payment Information: Method of payment and banking details

10. Authentication: Signature sections for relevant authorities and date of issue