Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦25
Income Tax
- ₦1.61
National Housing Fund (NHF)
- ₦0.06
Pension contributions
- ₦2
Total tax
- ₦3.66
Net pay
* ₦21.34
Marginal tax rate
16.9%
Average tax rate
14.7%
85.3%
Net pay
14.7%
Total tax
Total tax
Net pay
The Taxberg
₦21.34
Net pay
₦3
Tax the employer pays
₦3.66
Tax you pay
Total tax paid
₦6.66
Did you know your employer also pays tax on your salary? It costs the employer ₦3 to pay you ₦25. In other words, every time you spend ₦10 of your hard-earned money, ₦2.67 goes to the government.
Real tax rate
23.8%
So, with you and the employer both paying tax, what used to be a 14.7% tax rate now rises to 23.8%, meaning your real tax rate is actually 9.1% higher than what it seemed at first.
People also ask
₦300 yearly is how much per hour?
₦0.14 hourly is how much per year?
Summary
If you make ₦300 a year living in Nigeria, you will be taxed ₦43.96. That means that your net pay will be ₦256 per year, or ₦21.34 per month. Your average tax rate is 14.7% and your marginal tax rate is 16.9%. 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 ₦16.88, hence, your net pay will only increase by ₦83.12.
Bonus Example
A ₦1,000 bonus will generate an extra ₦831 of net incomes. A ₦5,000 bonus will generate an extra ₦4,156 of net incomes.
Compare average tax
Tax per income
₦5,000
₦10,000
₦15,000
₦20,000
₦25,000
₦30,000
₦35,000
₦40,000
₦45,000
₦50,000
₦55,000
₦60,000
₦65,000
₦70,000
₦75,000
₦80,000
₦85,000
₦90,000
₦95,000
₦100,000
North America
Country 
Net pay
Average tax
Rank
Canada
NGN 288
0.0%
1
USA
NGN 268
11.1%
2
Middle East
Country 
Net pay
Average tax
Rank
Egypt
NGN 300
0.0%
1
Saudi Arabia
NGN 299
0.0%
2
United Arab Emirates
NGN 288
4.6%
3
Qatar
NGN 285
4.6%
4
Lebanon
NGN 279
7.0%
5
Israel
NGN 259
13.4%
6
Bahrain
NGN 267
14.3%
7
Oman
NGN 261
14.3%
8
Turkey
NGN 253
15.8%
9
Kuwait
NGN 273
16.7%
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.