Total tax paid
₦43,355
Did you know your employer also pays tax on your salary? It costs the employer ₦15,194 to pay you ₦126,620. In other words, every time you spend ₦10 of your hard-earned money, ₦3.42 goes to the government.
Real tax rate
30.6%
So, with you and the employer both paying tax, what used to be a 22.2% tax rate now rises to 30.6%, meaning your real tax rate is actually 8.4% higher than what it seemed at first.