Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,741,459
Income Tax
- ₦356,732
National Housing Fund (NHF)
- ₦43,536
Pension contributions
- ₦139,317
Total tax
- ₦539,585
Net pay
*
₦1,201,874
Marginal tax rate
32.0%
Average tax rate
31.0%
69.0%
Net pay
31.0%
Total tax
Total tax
Net pay
The Taxberg
₦1,201,874
Net pay
₦208,975
Tax the employer pays
₦539,585
Tax you pay
Total tax paid
₦748,560
Did you know your employer also pays tax on your salary? It costs the employer ₦208,975 to pay you ₦1,741,459. In other words, every time you spend ₦10 of your hard-earned money, ₦4.30 goes to the government.
Real tax rate
38.4%
So, with you and the employer both paying tax, what used to be a 31% tax rate now rises to 38.4%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make ₦20,897,508 a year living in Nigeria, you will be taxed ₦6,475,023. That means that your net pay will be ₦14,422,485 per year, or ₦1,201,874 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.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
NGN 18796468
10.1%
1
Canada
NGN 15914814
23.8%
2
Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
NGN 19226639
8.0%
1
Colombia
NGN 18926471
9.4%
2
Ecuador
NGN 18896437
9.6%
3
Guatemala
NGN 18893751
9.6%
4
Costa Rica
NGN 18703270
10.5%
5
Panama
NGN 18530627
11.3%
6
Mexico
NGN 17306592
17.2%
7
Chile
NGN 17182788
17.8%
8
Uruguay
NGN 16697109
20.1%
9
Brazil
NGN 16485423
21.1%
10
Peru
NGN 16339274
21.8%
11
Argentina
NGN 13571728
35.1%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 18446683
11.7%
1
Morocco
NGN 16025065
23.3%
2
Mozambique
NGN 15969207
23.6%
3
Ivory Coast
NGN 15567058
25.5%
4
Angola
NGN 15491226
25.9%
5
Kenya
NGN 15476217
25.9%
6
Ghana
NGN 15250947
27.0%
7
Cameroon
NGN 14879204
28.8%
8
Nigeria
NGN 14422485
31.0%
9
Uganda
NGN 14075402
32.7%
10
Senegal
NGN 14008297
33.0%
11
Zambia
NGN 13340669
36.2%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
NGN 19852628
5.0%
1
Qatar
NGN 19852631
5.0%
2
Bahrain
NGN 19225713
8.0%
3
Oman
NGN 19225697
8.0%
4
Saudi Arabia
NGN 18807755
10.0%
5
Kuwait
NGN 18598766
11.0%
6
Israel
NGN 18149486
13.2%
7
Egypt
NGN 16135555
22.8%
8
Lebanon
NGN 15989816
23.5%
9
Turkey
NGN 11777753
43.6%
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.