Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦3,409
Income Tax
- ₦214
National Housing Fund (NHF)
- ₦85.23
Pension contributions
- ₦273
Total tax
- ₦572
Net pay
* ₦2,837
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦2,837
Net pay
₦409
Tax the employer pays
₦572
Tax you pay
Total tax paid
₦981
Did you know your employer also pays tax on your salary? It costs the employer ₦409 to pay you ₦3,409. 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.
People also ask
₦40,908 yearly is how much per hour?
₦19.67 hourly is how much per year?
Summary
If you make ₦40,908 a year living in Nigeria, you will be taxed ₦6,858. That means that your net pay will be ₦34,050 per year, or ₦2,837 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 ₦16.76, hence, your net pay will only increase by ₦83.24.
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
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 40260
1.6%
1
USA
NGN 37371
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
NGN 40904
0.0%
1
Singapore
NGN 40908
0.0%
2
Hong Kong
NGN 40908
0.0%
3
Thailand
NGN 38863
5.0%
4
Indonesia
NGN 37308
8.8%
5
Taiwan
NGN 37287
8.9%
6
South Korea
NGN 36535
10.7%
7
New Zealand
NGN 36046
11.9%
8
India
NGN 36000
12.0%
9
China
NGN 35515
13.2%
10
Vietnam
NGN 34782
15.0%
11
Malaysia
NGN 33668
17.7%
12
Japan
NGN 33241
18.7%
13
Kazakhstan
NGN 32399
20.8%
14
Pakistan
NGN 22822
44.2%
15
Philippines
NGN 16749
59.1%
16
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
NGN 40908
0.0%
1
Saudi Arabia
NGN 40908
0.0%
2
United Arab Emirates
NGN 38863
5.0%
3
Qatar
NGN 38864
5.0%
4
Lebanon
NGN 38044
7.0%
5
Oman
NGN 37641
8.0%
6
Bahrain
NGN 37646
8.0%
7
Kuwait
NGN 36400
11.0%
8
Israel
NGN 35527
13.2%
9
Turkey
NGN 34461
15.8%
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.