Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦250,002
Income Tax
- ₦37,655
National Housing Fund (NHF)
- ₦6,250
Pension contributions
- ₦20,000
Total tax
- ₦63,905
Net pay
*
₦186,097
Marginal tax rate
29.3%
Average tax rate
25.6%
74.4%
Net pay
25.6%
Total tax
Total tax
Net pay
Summary
If you make ₦3,000,024 a year living in Nigeria, you will be taxed ₦766,857. That means that your net pay will be ₦2,233,167 per year, or ₦186,097 per month. Your average tax rate is 25.6% and your marginal tax rate is 29.3%. 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 ₦29.30, hence, your net pay will only increase by ₦70.70.
Bonus Example
A ₦1,000 bonus will generate an extra ₦707 of net incomes. A ₦5,000 bonus will generate an extra ₦3,535 of net incomes.
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.