Total tax paid
₦47,511
Did you know your employer also pays tax on your salary? It costs the employer ₦16,457 to pay you ₦137,140. In other words, every time you spend ₦10 of your hard-earned money, ₦3.46 goes to the government.
Real tax rate
30.9%
So, with you and the employer both paying tax, what used to be a 22.6% tax rate now rises to 30.9%, meaning your real tax rate is actually 8.3% higher than what it seemed at first.