Course Overview

In this session, we cover key statutory contributions in payroll accounting, focusing on NSSF (National Social Security Fund), NHIF (National Hospital Insurance Fund), NITA (National Industrial Training Authority), AHL (Affordable Housing Levy), and NEA (National Employment Authority). These contributions are mandatory in many jurisdictions and serve to protect employees’ welfare and support national initiatives.

NSSF involves contributions towards employee retirement benefits, while NHIF covers health insurance to ensure medical care accessibility. NITA promotes skills development through industrial training levies. AHL funds affordable housing projects, and NEA supports employment programs. This session provides a comprehensive understanding of each contribution, its purpose, and the responsibilities of employers in remitting these funds.

Participants will learn how to calculate these statutory deductions, understand compliance requirements, and record them in payroll systems. We’ll also cover the deadlines and penalties associated with late or inaccurate remittances. By mastering these statutory elements, payroll officers and accountants can ensure both legal compliance and the proper allocation of benefits for employees.