Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,699,360
Income Tax
- ₦347,689
National Housing Fund (NHF)
- ₦42,484
Pension contributions
- ₦135,949
Total tax
- ₦526,122
Net pay
*
₦1,173,238
Marginal tax rate
32.0%
Average tax rate
31.0%
69.0%
Net pay
31.0%
Total tax
Total tax
Net pay
Summary
If you make ₦20,392,320 a year living in Nigeria, you will be taxed ₦6,313,464. That means that your net pay will be ₦14,078,856 per year, or ₦1,173,238 per month. Your average tax rate is 31.0% 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.
North America
Country
Net pay
Average tax
Rank
USA
NGN 18355243
10.0%
1
Canada
NGN 15540317
23.8%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 18049630
11.5%
1
Morocco
NGN 15699176
23.0%
2
Mozambique
NGN 15605472
23.5%
3
Ivory Coast
NGN 15233321
25.3%
4
Kenya
NGN 15122586
25.8%
5
Angola
NGN 15123136
25.8%
6
Ghana
NGN 14892895
27.0%
7
Cameroon
NGN 14584669
28.5%
8
Nigeria
NGN 14078856
31.0%
9
Uganda
NGN 13747030
32.6%
10
Senegal
NGN 13679985
32.9%
11
Zambia
NGN 13029978
36.1%
12
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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.