Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦169
Income Tax
- ₦10.61
National Housing Fund (NHF)
- ₦3.85
Pension contributions
- ₦13.52
Total tax
- ₦27.98
Net pay
* ₦141
Marginal tax rate
16.9%
Average tax rate
16.6%
83.4%
Net pay
16.6%
Total tax
Total tax
Net pay
The Taxberg
₦141
Net pay
₦20.28
Tax the employer pays
₦27.98
Tax you pay
Total tax paid
₦48.26
Did you know your employer also pays tax on your salary? It costs the employer ₦20.28 to pay you ₦169. In other words, every time you spend ₦10 of your hard-earned money, ₦2.86 goes to the government.
Real tax rate
25.5%
So, with you and the employer both paying tax, what used to be a 16.6% tax rate now rises to 25.5%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.
Summary
If you make ₦2,028 a year living in Nigeria, you will be taxed ₦336. That means that your net pay will be ₦1,692 per year, or ₦141 per month. Your average tax rate is 16.6% 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 ₦16.89, hence, your net pay will only increase by ₦83.11.
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
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
NGN 2030
0.0%
1
Singapore
NGN 2030
0.0%
2
Hong Kong
NGN 2029
0.0%
3
Thailand
NGN 1927
5.0%
4
Indonesia
NGN 1850
8.8%
5
Taiwan
NGN 1848
8.9%
6
South Korea
NGN 1811
10.7%
7
New Zealand
NGN 1785
11.8%
8
India
NGN 1785
12.0%
9
China
NGN 1760
13.2%
10
Vietnam
NGN 1724
15.0%
11
Japan
NGN 1648
18.7%
12
Kazakhstan
NGN 1606
20.8%
13
Malaysia
NGN 1346
33.6%
14
Philippines
NGN 830
59.1%
15
Pakistan
NGN 2028
891.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
NGN 1980
2.4%
1
Puerto Rico
NGN 1879
7.4%
2
Brazil
NGN 1877
7.5%
3
Colombia
NGN 1866
8.0%
4
Ecuador
NGN 1828
9.2%
5
Guatemala
NGN 1833
9.6%
6
Costa Rica
NGN 1815
10.5%
7
Panama
NGN 1809
10.7%
8
Peru
NGN 1775
12.5%
9
Argentina
NGN 1683
17.0%
10
Chile
NGN 1671
17.6%
11
Uruguay
NGN 1661
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
NGN 2008
1.0%
1
Angola
NGN 1967
3.0%
2
Morocco
NGN 1891
6.7%
3
Cameroon
NGN 1711
15.6%
4
Nigeria
NGN 1692
16.6%
5
Kenya
NGN 2028
2,690.2%
6
Uganda
NGN 1927
5.0%
7
Ghana
NGN 1917
5.5%
8
Zambia
NGN 1906
6.0%
9
Ivory Coast
NGN 1876
7.5%
10
Senegal
NGN 2028
129.4%
11
Mozambique
NGN 2028
707.3%
12
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.