Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦2,100,000
Income Tax
- ₦433,747
National Housing Fund (NHF)
- ₦52,500
Pension contributions
- ₦168,000
Total tax
- ₦654,247
Net pay
*
₦1,445,753
Marginal tax rate
32.0%
Average tax rate
31.2%
68.8%
Net pay
31.2%
Total tax
Total tax
Net pay
The Taxberg
₦1,445,753
Net pay
₦252,000
Tax the employer pays
₦654,247
Tax you pay
Total tax paid
₦906,247
Did you know your employer also pays tax on your salary? It costs the employer ₦252,000 to pay you ₦2,100,000. In other words, every time you spend ₦10 of your hard-earned money, ₦4.32 goes to the government.
Real tax rate
38.5%
So, with you and the employer both paying tax, what used to be a 31.2% tax rate now rises to 38.5%, meaning your real tax rate is actually 7.3% higher than what it seemed at first.
Summary
If you make ₦25,200,000 a year living in Nigeria, you will be taxed ₦7,850,960. That means that your net pay will be ₦17,349,040 per year, or ₦1,445,753 per month. Your average tax rate is 31.2% 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 22231729
11.8%
1
Canada
NGN 19033940
24.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 24092093
4.4%
1
Hong Kong
NGN 23940001
5.0%
2
Thailand
NGN 23287896
7.6%
3
Taiwan
NGN 22971220
8.8%
4
South Korea
NGN 21967409
12.8%
5
Pakistan
NGN 21866091
13.2%
6
Malaysia
NGN 21421054
15.0%
7
New Zealand
NGN 21417168
15.0%
8
Indonesia
NGN 21348841
15.3%
9
Philippines
NGN 20466973
18.8%
10
Japan
NGN 20419493
19.0%
11
Singapore
NGN 20162441
20.0%
12
Kazakhstan
NGN 19991542
20.7%
13
Vietnam
NGN 19353320
23.2%
14
India
NGN 18189385
27.8%
15
China
NGN 17827384
29.3%
16
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
NGN 23940000
5.0%
1
Qatar
NGN 23939998
5.0%
2
Bahrain
NGN 23183990
8.0%
3
Oman
NGN 23184004
8.0%
4
Saudi Arabia
NGN 22679999
10.0%
5
Kuwait
NGN 22428004
11.0%
6
Israel
NGN 21886202
13.2%
7
Egypt
NGN 19362424
23.2%
8
Lebanon
NGN 19216685
23.7%
9
Turkey
NGN 14110995
44.0%
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.