Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,584,054
Income Tax
- ₦322,921
National Housing Fund (NHF)
- ₦39,601
Pension contributions
- ₦126,724
Total tax
- ₦489,247
Net pay
*
₦1,094,807
Marginal tax rate
32.0%
Average tax rate
30.9%
69.1%
Net pay
30.9%
Total tax
Total tax
Net pay
The Taxberg
₦1,094,807
Net pay
₦190,086
Tax the employer pays
₦489,247
Tax you pay
Total tax paid
₦679,334
Did you know your employer also pays tax on your salary? It costs the employer ₦190,086 to pay you ₦1,584,054. In other words, every time you spend ₦10 of your hard-earned money, ₦4.29 goes to the government.
Real tax rate
38.3%
So, with you and the employer both paying tax, what used to be a 30.9% tax rate now rises to 38.3%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make ₦19,008,648 a year living in Nigeria, you will be taxed ₦5,870,966. That means that your net pay will be ₦13,137,682 per year, or ₦1,094,807 per month. Your average tax rate is 30.9% and your marginal tax rate is 32.0%. 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 ₦31.98, hence, your net pay will only increase by ₦68.02.
Bonus Example
A ₦1,000 bonus will generate an extra ₦680 of net incomes. A ₦5,000 bonus will generate an extra ₦3,401 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
NGN 17141167
9.8%
1
Canada
NGN 14514609
23.6%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 16922156
11.0%
1
Morocco
NGN 14806592
22.1%
2
Mozambique
NGN 14609228
23.1%
3
Ivory Coast
NGN 14280436
24.9%
4
Kenya
NGN 14154015
25.5%
5
Angola
NGN 14114963
25.7%
6
Ghana
NGN 13912217
26.8%
7
Cameroon
NGN 13777960
27.5%
8
Nigeria
NGN 13137682
30.9%
9
Uganda
NGN 12847643
32.4%
10
Senegal
NGN 12790675
32.7%
11
Zambia
NGN 12179019
35.9%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
NGN 18058216
5.0%
1
Qatar
NGN 18058217
5.0%
2
Bahrain
NGN 17487937
8.0%
3
Oman
NGN 17487966
8.0%
4
Saudi Arabia
NGN 17107784
10.0%
5
Kuwait
NGN 16917693
11.0%
6
Israel
NGN 16509011
13.2%
7
Egypt
NGN 14718910
22.6%
8
Lebanon
NGN 14573171
23.3%
9
Turkey
NGN 10842870
43.0%
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.