Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,726
Income Tax
- ₦108
National Housing Fund (NHF)
- ₦43.15
Pension contributions
- ₦138
Total tax
- ₦289
Net pay
*
₦1,437
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦1,437
Net pay
₦207
Tax the employer pays
₦289
Tax you pay
Total tax paid
₦496
Did you know your employer also pays tax on your salary? It costs the employer ₦207 to pay you ₦1,726. 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.
Summary
If you make ₦20,712 a year living in Nigeria, you will be taxed ₦3,472. That means that your net pay will be ₦17,240 per year, or ₦1,437 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 ₦16.76, hence, your net pay will only increase by ₦83.24.
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.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 20712
0.0%
1
Germany
NGN 20710
0.0%
2
Austria
NGN 20710
0.0%
3
Ireland
NGN 20710
0.0%
4
Sweden
NGN 20712
0.0%
5
Norway
NGN 20713
0.0%
6
Spain
NGN 19391
6.4%
7
Italy
NGN 18803
9.2%
8
France
NGN 18696
9.7%
9
Czech Republic
NGN 18434
11.0%
10
Luxembourg
NGN 18429
11.0%
11
Russia
NGN 18019
13.0%
12
Hungary
NGN 16880
18.5%
13
Ukraine
NGN 16673
19.5%
14
Poland
NGN 16266
21.5%
15
Greece
NGN 16183
21.9%
16
Portugal
NGN 15417
25.6%
17
Finland
NGN 14347
30.7%
18
Belgium
NGN 14080
32.0%
19
Netherlands
NGN 12743
38.5%
20
Romania
NGN 12114
41.5%
21
Denmark
NGN 0
100.0%
22
Switzerland
NGN 20715
225.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NGN 20376
1.6%
1
USA
NGN 18920
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 20710
0.0%
1
Singapore
NGN 20717
0.0%
2
Hong Kong
NGN 20712
0.0%
3
Malaysia
NGN 20032
3.3%
4
Thailand
NGN 19676
5.0%
5
Indonesia
NGN 18889
8.8%
6
Taiwan
NGN 18879
8.9%
7
South Korea
NGN 18498
10.7%
8
New Zealand
NGN 18252
11.9%
9
India
NGN 18234
12.0%
10
China
NGN 17981
13.2%
11
Vietnam
NGN 17610
15.0%
12
Japan
NGN 16830
18.7%
13
Kazakhstan
NGN 16404
20.8%
14
Philippines
NGN 8480
59.1%
15
Pakistan
NGN 2626
87.3%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 20220
2.4%
1
Brazil
NGN 19160
7.5%
2
Puerto Rico
NGN 19071
7.9%
3
Colombia
NGN 19055
8.0%
4
Ecuador
NGN 18753
9.5%
5
Guatemala
NGN 18726
9.6%
6
Costa Rica
NGN 18537
10.5%
7
Panama
NGN 18442
11.0%
8
Peru
NGN 18123
12.5%
9
Argentina
NGN 17191
17.0%
10
Chile
NGN 17067
17.6%
11
Uruguay
NGN 16963
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 20505
1.0%
1
Angola
NGN 20091
3.0%
2
Uganda
NGN 19676
5.0%
3
Ghana
NGN 19573
5.5%
4
Zambia
NGN 19469
6.0%
5
Morocco
NGN 19316
6.7%
6
Ivory Coast
NGN 19159
7.5%
7
Cameroon
NGN 17475
15.6%
8
Nigeria
NGN 17240
16.8%
9
Senegal
NGN 16480
20.4%
10
Mozambique
NGN 3939
81.0%
11
Kenya
NGN 20712
263.4%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 20712
0.0%
1
Saudi Arabia
NGN 20713
0.0%
2
Qatar
NGN 19675
5.0%
3
United Arab Emirates
NGN 19673
5.0%
4
Lebanon
NGN 19262
7.0%
5
Bahrain
NGN 19046
8.0%
6
Oman
NGN 19038
8.0%
7
Kuwait
NGN 18446
11.1%
8
Israel
NGN 17990
13.2%
9
Turkey
NGN 17448
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.