Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,950,465
Income Tax
- ₦401,627
National Housing Fund (NHF)
- ₦48,762
Pension contributions
- ₦156,037
Total tax
- ₦606,425
Net pay
*
₦1,344,040
Marginal tax rate
32.0%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
₦1,344,040
Net pay
₦234,056
Tax the employer pays
₦606,425
Tax you pay
Total tax paid
₦840,481
Did you know your employer also pays tax on your salary? It costs the employer ₦234,056 to pay you ₦1,950,465. In other words, every time you spend ₦10 of your hard-earned money, ₦4.31 goes to the government.
Real tax rate
38.5%
So, with you and the employer both paying tax, what used to be a 31.1% tax rate now rises to 38.5%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make ₦23,405,580 a year living in Nigeria, you will be taxed ₦7,277,104. That means that your net pay will be ₦16,128,476 per year, or ₦1,344,040 per month. Your average tax rate is 31.1% 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 20834991
11.0%
1
Canada
NGN 17774037
24.1%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 22702136
3.0%
1
Hong Kong
NGN 22235301
5.0%
2
Thailand
NGN 21730431
7.2%
3
Taiwan
NGN 21334360
8.9%
4
Pakistan
NGN 20520276
12.3%
5
South Korea
NGN 20455715
12.6%
6
Malaysia
NGN 20042009
14.4%
7
New Zealand
NGN 19961713
14.7%
8
Indonesia
NGN 19924053
14.9%
9
Philippines
NGN 19173159
18.1%
10
Japan
NGN 18999215
18.8%
11
Singapore
NGN 18731232
20.0%
12
Kazakhstan
NGN 18551254
20.7%
13
Vietnam
NGN 18068515
22.8%
14
India
NGN 17170154
26.6%
15
China
NGN 16575776
29.2%
16
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
NGN 22235301
5.0%
1
Qatar
NGN 22235303
5.0%
2
Bahrain
NGN 21533120
8.0%
3
Oman
NGN 21533144
8.0%
4
Saudi Arabia
NGN 21065024
10.0%
5
Kuwait
NGN 20830973
11.0%
6
Israel
NGN 20327746
13.2%
7
Egypt
NGN 18016609
23.0%
8
Lebanon
NGN 17870870
23.7%
9
Turkey
NGN 12976185
44.6%
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.