Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,535
Income Tax
- ₦96.17
National Housing Fund (NHF)
- ₦38.38
Pension contributions
- ₦123
Total tax
- ₦257
Net pay
* ₦1,278
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦1,278
Net pay
₦184
Tax the employer pays
₦257
Tax you pay
Total tax paid
₦442
Did you know your employer also pays tax on your salary? It costs the employer ₦184 to pay you ₦1,535. In other words, every time you spend ₦10 of your hard-earned money, ₦2.88 goes to the government.
Real tax rate
25.7%
So, with you and the employer both paying tax, what used to be a 16.8% tax rate now rises to 25.7%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.
People also ask
₦18,420 yearly is how much per hour?
₦8.86 hourly is how much per year?
Summary
If you make ₦18,420 a year living in Nigeria, you will be taxed ₦3,088. That means that your net pay will be ₦15,332 per year, or ₦1,278 per month. Your average tax rate is 16.8% and your marginal tax rate is 16.8%. 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 ₦16.77, hence, your net pay will only increase by ₦83.23.
Bonus Example
A ₦1,000 bonus will generate an extra ₦832 of net incomes. A ₦5,000 bonus will generate an extra ₦4,162 of net incomes.
Tax per income
₦5,000
₦10,000
₦15,000
₦20,000
₦25,000
₦30,000
₦35,000
₦40,000
₦45,000
₦50,000
₦55,000
₦60,000
₦65,000
₦70,000
₦75,000
₦80,000
₦85,000
₦90,000
₦95,000
₦100,000
North America
Country 
Net pay
Average tax
Rank
Canada
NGN 18130
1.6%
1
USA
NGN 16824
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
NGN 18416
0.0%
1
Singapore
NGN 18424
0.0%
2
Hong Kong
NGN 18420
0.0%
3
Malaysia
NGN 17741
3.7%
4
Thailand
NGN 17499
5.0%
5
Indonesia
NGN 16799
8.8%
6
Taiwan
NGN 16790
8.9%
7
South Korea
NGN 16451
10.7%
8
New Zealand
NGN 16228
11.9%
9
India
NGN 16216
12.0%
10
China
NGN 15992
13.2%
11
Vietnam
NGN 15662
15.0%
12
Japan
NGN 14968
18.7%
13
Kazakhstan
NGN 14589
20.8%
14
Philippines
NGN 7542
59.1%
15
Pakistan
NGN 334
98.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
NGN 17982
2.4%
1
Brazil
NGN 17038
7.5%
2
Puerto Rico
NGN 16958
7.9%
3
Colombia
NGN 16946
8.0%
4
Ecuador
NGN 16673
9.5%
5
Guatemala
NGN 16654
9.6%
6
Costa Rica
NGN 16486
10.5%
7
Panama
NGN 16399
11.0%
8
Peru
NGN 16117
12.5%
9
Argentina
NGN 15289
17.0%
10
Chile
NGN 15178
17.6%
11
Uruguay
NGN 15086
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
NGN 18420
0.0%
1
Saudi Arabia
NGN 18418
0.0%
2
Qatar
NGN 17497
5.0%
3
United Arab Emirates
NGN 17500
5.0%
4
Lebanon
NGN 17131
7.0%
5
Bahrain
NGN 16954
8.0%
6
Oman
NGN 16947
8.0%
7
Kuwait
NGN 16372
11.0%
8
Israel
NGN 16000
13.2%
9
Turkey
NGN 15517
15.8%
10
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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.