Income Tax Calculator Nigeria

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary ₦28,188

National Housing Fund (NHF) - ₦705

Income Tax - ₦1,915

Pension contributions - ₦2,255

Total tax - ₦4,874

Net pay * ₦23,314

Marginal tax rate 19.5%

Average tax rate 17.3%

17.3%Total tax

82.7%

Net pay

The Taxberg

₦23,314

Net pay

₦3,383

Tax the employer pays

₦4,874

Tax you pay

Total tax paid

₦8,257

Did you know your employer also pays tax on your salary? It costs the employer ₦3,383 to pay you ₦28,188. In other words, every time you spend ₦10 of your hard-earned money, ₦2.93 goes to the government.

Real tax rate

26.2%

So, with you and the employer both paying tax, what used to be a 17.3% tax rate now rises to 26.2%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.

Summary

Si vous gagnez un salaire brut de ₦338,256 par an en Nigeria, vous serez imposé de ₦58,492. Cela signifie que votre salaire net sera de ₦279,764 par an, ou ₦23,314 par mois. Votre taux d'imposition moyen est 17.3% et votre taux d'imposition marginal est 19.5%. Ce taux d'imposition marginal signifie que votre revenu supplémentaire immédiat sera imposé à ce taux. Par exemple, une augmentation de ₦100 à votre salaire sera imposé de ₦19.5, par conséquent, votre salaire net augmentera seulement de ₦80.5.

Bonus Example

A ₦1,000 bonus will generate an extra ₦805 of net incomes. A ₦5,000 bonus will generate an extra ₦4,025 of net incomes.

Tax per income

₦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₦105,000₦110,000₦115,000₦120,000

NOTE* Withholding is calculated based on the Nigeria tables of NG, 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.