Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,067,282
Income Tax
- ₦211,919
National Housing Fund (NHF)
- ₦26,682
Pension contributions
- ₦85,383
Total tax
- ₦323,983
Net pay
*
₦743,299
Marginal tax rate
32.0%
Average tax rate
30.4%
69.6%
Net pay
30.4%
Total tax
Total tax
Net pay
The Taxberg
₦743,299
Net pay
₦128,074
Tax the employer pays
₦323,983
Tax you pay
Total tax paid
₦452,057
Did you know your employer also pays tax on your salary? It costs the employer ₦128,074 to pay you ₦1,067,282. In other words, every time you spend ₦10 of your hard-earned money, ₦4.24 goes to the government.
Real tax rate
37.8%
So, with you and the employer both paying tax, what used to be a 30.4% tax rate now rises to 37.8%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make ₦12,807,384 a year living in Nigeria, you will be taxed ₦3,887,801. That means that your net pay will be ₦8,919,583 per year, or ₦743,299 per month. Your average tax rate is 30.4% and your marginal tax rate is 32.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of ₦100 in your salary will be taxed ₦31.98, hence, your net pay will only increase by ₦68.02.
Bonus Example
A ₦1,000 bonus will generate an extra ₦680 of net incomes. A ₦5,000 bonus will generate an extra ₦3,401 of net incomes.
North America
Country
Net pay
Average tax
Rank
USA
NGN 11684257
8.8%
1
Canada
NGN 9932214
22.5%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 11899132
7.1%
1
Morocco
NGN 10745258
16.1%
2
Mozambique
NGN 10113020
21.0%
3
Ivory Coast
NGN 10007903
21.9%
4
Cameroon
NGN 10000532
21.9%
5
Kenya
NGN 9834953
23.2%
6
Angola
NGN 9577548
25.2%
7
Ghana
NGN 9517072
25.7%
8
Nigeria
NGN 8919583
30.4%
9
Uganda
NGN 8816821
31.2%
10
Senegal
NGN 8766114
31.6%
11
Zambia
NGN 8628594
32.6%
12
Show more
NOTE* Withholding is calculated based on the tables of Nigeria, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.