Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦130
Income Tax
- ₦8.18
National Housing Fund (NHF)
- ₦2.82
Pension contributions
- ₦10.40
Total tax
- ₦21.40
Net pay
*
₦109
Marginal tax rate
16.9%
Average tax rate
16.5%
83.5%
Net pay
16.5%
Total tax
Total tax
Net pay
The Taxberg
₦109
Net pay
₦15.60
Tax the employer pays
₦21.40
Tax you pay
Total tax paid
₦37
Did you know your employer also pays tax on your salary? It costs the employer ₦15.60 to pay you ₦130. In other words, every time you spend ₦10 of your hard-earned money, ₦2.85 goes to the government.
Real tax rate
25.4%
So, with you and the employer both paying tax, what used to be a 16.5% tax rate now rises to 25.4%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.
Summary
If you make ₦1,560 a year living in Nigeria, you will be taxed ₦257. That means that your net pay will be ₦1,303 per year, or ₦109 per month. Your average tax rate is 16.5% and your marginal tax rate is 16.9%. 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 ₦16.88, hence, your net pay will only increase by ₦83.12.
Bonus Example
A ₦1,000 bonus will generate an extra ₦831 of net incomes. A ₦5,000 bonus will generate an extra ₦4,156 of net incomes.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 1570
0.0%
1
Germany
NGN 1568
0.0%
2
Austria
NGN 1568
0.0%
3
Ireland
NGN 1568
0.0%
4
Netherlands
NGN 1568
0.0%
5
Sweden
NGN 1559
0.0%
6
Norway
NGN 1560
0.0%
7
Switzerland
NGN 1558
2,402.4%
8
Spain
NGN 1461
5.8%
9
France
NGN 1426
9.1%
10
Italy
NGN 1426
9.1%
11
Czech Republic
NGN 1388
11.0%
12
Luxembourg
NGN 1390
11.4%
13
Russia
NGN 1357
13.0%
14
Hungary
NGN 1271
18.5%
15
Ukraine
NGN 1256
19.5%
16
Poland
NGN 1227
21.5%
17
Greece
NGN 1212
21.8%
18
Portugal
NGN 1158
25.3%
19
Finland
NGN 1087
30.7%
20
Belgium
NGN 1069
31.8%
21
Romania
NGN 885
43.4%
22
Denmark
NGN 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NGN 1526
1.6%
1
USA
NGN 1426
8.6%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 1558
0.0%
1
Singapore
NGN 1554
0.0%
2
Hong Kong
NGN 1561
0.0%
3
Pakistan
NGN 1560
1,159.4%
4
Thailand
NGN 1482
5.0%
5
Indonesia
NGN 1423
8.8%
6
Taiwan
NGN 1422
8.8%
7
South Korea
NGN 1393
10.7%
8
India
NGN 1373
12.0%
9
New Zealand
NGN 1376
12.1%
10
China
NGN 1354
13.2%
11
Vietnam
NGN 1326
15.0%
12
Japan
NGN 1268
18.7%
13
Kazakhstan
NGN 1236
20.8%
14
Malaysia
NGN 881
43.6%
15
Philippines
NGN 639
59.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 1523
2.4%
1
Brazil
NGN 1443
7.5%
2
Puerto Rico
NGN 1443
7.5%
3
Colombia
NGN 1435
8.0%
4
Guatemala
NGN 1411
9.6%
5
Ecuador
NGN 1409
9.7%
6
Costa Rica
NGN 1396
10.5%
7
Panama
NGN 1390
10.8%
8
Peru
NGN 1366
12.5%
9
Argentina
NGN 1295
17.0%
10
Chile
NGN 1285
17.6%
11
Uruguay
NGN 1278
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 1544
1.0%
1
Angola
NGN 1513
3.0%
2
Morocco
NGN 1455
6.7%
3
Cameroon
NGN 1316
15.6%
4
Nigeria
NGN 1303
16.5%
5
Kenya
NGN 1560
3,497.1%
6
Uganda
NGN 1482
5.0%
7
Ghana
NGN 1474
5.5%
8
Zambia
NGN 1466
6.0%
9
Ivory Coast
NGN 1443
7.5%
10
Senegal
NGN 1560
165.7%
11
Mozambique
NGN 1560
915.6%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 1560
0.0%
1
Saudi Arabia
NGN 1558
0.0%
2
United Arab Emirates
NGN 1484
5.0%
3
Qatar
NGN 1480
5.0%
4
Lebanon
NGN 1451
7.0%
5
Oman
NGN 1438
8.3%
6
Bahrain
NGN 1424
8.6%
7
Kuwait
NGN 1364
10.7%
8
Israel
NGN 1355
13.2%
9
Turkey
NGN 1314
15.8%
10
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.