Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦2,166,666
Income Tax
- ₦448,067
National Housing Fund (NHF)
- ₦54,167
Pension contributions
- ₦173,333
Total tax
- ₦675,566
Net pay
*
₦1,491,100
Marginal tax rate
32.0%
Average tax rate
31.2%
68.8%
Net pay
31.2%
Total tax
Total tax
Net pay
The Taxberg
₦1,491,100
Net pay
₦260,000
Tax the employer pays
₦675,566
Tax you pay
Total tax paid
₦935,566
Did you know your employer also pays tax on your salary? It costs the employer ₦260,000 to pay you ₦2,166,666. In other words, every time you spend ₦10 of your hard-earned money, ₦4.32 goes to the government.
Real tax rate
38.6%
So, with you and the employer both paying tax, what used to be a 31.2% tax rate now rises to 38.6%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make ₦25,999,992 a year living in Nigeria, you will be taxed ₦8,106,797. That means that your net pay will be ₦17,893,195 per year, or ₦1,491,100 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 22854023
12.1%
1
Canada
NGN 19578980
24.7%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 22246613
14.4%
1
Mozambique
NGN 19642996
24.5%
2
Morocco
NGN 19316596
25.7%
3
Angola
NGN 19204961
26.1%
4
Kenya
NGN 19047956
26.7%
5
Ivory Coast
NGN 18925689
27.2%
6
Ghana
NGN 18846976
27.5%
7
Cameroon
NGN 17911320
31.1%
8
Nigeria
NGN 17893195
31.2%
9
Uganda
NGN 17392016
33.1%
10
Senegal
NGN 17240623
33.7%
11
Zambia
NGN 16478696
36.6%
12
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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.