Total tax paid
₦37,297
Did you know your employer also pays tax on your salary? It costs the employer ₦13,338 to pay you ₦111,150. In other words, every time you spend ₦10 of your hard-earned money, ₦3.36 goes to the government.
Real tax rate
30.0%
So, with you and the employer both paying tax, what used to be a 21.6% tax rate now rises to 30.0%, meaning your real tax rate is actually 8.4% higher than what it seemed at first.