Total tax paid
₦61,909
Did you know your employer also pays tax on your salary? It costs the employer ₦20,702 to pay you ₦172,520. In other words, every time you spend ₦10 of your hard-earned money, ₦3.59 goes to the government.
Real tax rate
32.0%
So, with you and the employer both paying tax, what used to be a 23.9% tax rate now rises to 32.0%, meaning your real tax rate is actually 8.1% higher than what it seemed at first.