Total tax paid
₦7,250
Did you know your employer also pays tax on your salary? It costs the employer ₦3,000 to pay you ₦24,996. In other words, every time you spend ₦10 of your hard-earned money, ₦2.90 goes to the government.
Real tax rate
25.9%
So, with you and the employer both paying tax, what used to be a 17% tax rate now rises to 25.9%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.