Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦3,395
Income Tax
- ₦213
National Housing Fund (NHF)
- ₦84.88
Pension contributions
- ₦272
Total tax
- ₦569
Net pay
*
₦2,826
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦2,826
Net pay
₦407
Tax the employer pays
₦569
Tax you pay
Total tax paid
₦977
Did you know your employer also pays tax on your salary? It costs the employer ₦407 to pay you ₦3,395. In other words, every time you spend ₦10 of your hard-earned money, ₦2.88 goes to the government.
Real tax rate
25.7%
So, with you and the employer both paying tax, what used to be a 16.8% tax rate now rises to 25.7%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.
Summary
If you make ₦40,740 a year living in Nigeria, you will be taxed ₦6,830. That means that your net pay will be ₦33,910 per year, or ₦2,826 per month. Your average tax rate is 16.8% and your marginal tax rate is 16.8%. 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 ₦16.77, hence, your net pay will only increase by ₦83.23.
Bonus Example
A ₦1,000 bonus will generate an extra ₦832 of net incomes. A ₦5,000 bonus will generate an extra ₦4,162 of net incomes.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 40736
0.0%
1
Germany
NGN 40743
0.0%
2
Austria
NGN 40743
0.0%
3
Ireland
NGN 40743
0.0%
4
Sweden
NGN 40739
0.0%
5
Norway
NGN 40739
0.0%
6
Spain
NGN 38159
6.3%
7
Italy
NGN 37001
9.2%
8
France
NGN 36804
9.7%
9
Czech Republic
NGN 36259
11.0%
10
Luxembourg
NGN 36234
11.1%
11
Russia
NGN 35444
13.0%
12
Hungary
NGN 33203
18.5%
13
Ukraine
NGN 32796
19.5%
14
Poland
NGN 31992
21.5%
15
Greece
NGN 31832
21.8%
16
Portugal
NGN 30335
25.6%
17
Finland
NGN 28214
30.8%
18
Belgium
NGN 27697
32.0%
19
Netherlands
NGN 24614
39.6%
20
Romania
NGN 23837
41.5%
21
Denmark
NGN 0
100.0%
22
Switzerland
NGN 40745
117.3%
23
Show more
North America
Country
Net pay
Average tax
Rank
Canada
NGN 40092
1.6%
1
USA
NGN 37220
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 40739
0.0%
1
Singapore
NGN 40745
0.0%
2
Hong Kong
NGN 40740
0.0%
3
Thailand
NGN 38703
5.0%
4
Indonesia
NGN 37155
8.8%
5
Taiwan
NGN 37134
8.9%
6
South Korea
NGN 36385
10.7%
7
New Zealand
NGN 35896
11.9%
8
India
NGN 35852
12.0%
9
China
NGN 35369
13.2%
10
Vietnam
NGN 34639
15.0%
11
Malaysia
NGN 33558
17.6%
12
Japan
NGN 33105
18.7%
13
Kazakhstan
NGN 32266
20.8%
14
Pakistan
NGN 22654
44.4%
15
Philippines
NGN 16680
59.1%
16
Show more
Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 39772
2.4%
1
Brazil
NGN 37684
7.5%
2
Puerto Rico
NGN 37505
8.0%
3
Colombia
NGN 37481
8.0%
4
Ecuador
NGN 36885
9.5%
5
Guatemala
NGN 36834
9.6%
6
Costa Rica
NGN 36462
10.5%
7
Panama
NGN 36264
11.0%
8
Peru
NGN 35646
12.5%
9
Argentina
NGN 33814
17.0%
10
Chile
NGN 33570
17.6%
11
Uruguay
NGN 33366
18.1%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 40333
1.0%
1
Angola
NGN 39518
3.0%
2
Uganda
NGN 38703
5.0%
3
Ghana
NGN 38499
5.5%
4
Zambia
NGN 38295
6.0%
5
Morocco
NGN 37995
6.7%
6
Ivory Coast
NGN 37684
7.5%
7
Senegal
NGN 34786
14.6%
8
Cameroon
NGN 34373
15.6%
9
Nigeria
NGN 33910
16.8%
10
Mozambique
NGN 21364
47.6%
11
Kenya
NGN 40740
133.9%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 40740
0.0%
1
Saudi Arabia
NGN 40739
0.0%
2
United Arab Emirates
NGN 38703
5.0%
3
Qatar
NGN 38703
5.0%
4
Lebanon
NGN 37888
7.0%
5
Bahrain
NGN 37468
8.0%
6
Oman
NGN 37467
8.0%
7
Kuwait
NGN 36237
11.0%
8
Israel
NGN 35384
13.2%
9
Turkey
NGN 34320
15.8%
10
Show more
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.