Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦35,000
Income Tax
- ₦2,531
National Housing Fund (NHF)
- ₦875
Pension contributions
- ₦2,800
Total tax
- ₦6,206
Net pay
* ₦28,794
Marginal tax rate
19.5%
Average tax rate
17.7%
82.3%
Net pay
17.7%
Total tax
Total tax
Net pay
The Taxberg
₦28,794
Net pay
₦4,200
Tax the employer pays
₦6,206
Tax you pay
Total tax paid
₦10,406
Did you know your employer also pays tax on your salary? It costs the employer ₦4,200 to pay you ₦35,000. In other words, every time you spend ₦10 of your hard-earned money, ₦2.97 goes to the government.
Real tax rate
26.5%
So, with you and the employer both paying tax, what used to be a 17.7% tax rate now rises to 26.5%, meaning your real tax rate is actually 8.8% higher than what it seemed at first.
People also ask
₦420,000 yearly is how much per hour?
₦202 hourly is how much per year?
Summary
If you make ₦420,000 a year living in Nigeria, you will be taxed ₦74,472. That means that your net pay will be ₦345,528 per year, or ₦28,794 per month. Your average tax rate is 17.7% and your marginal tax rate is 19.5%. 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 ₦19.54, hence, your net pay will only increase by ₦80.46.
Bonus Example
A ₦1,000 bonus will generate an extra ₦805 of net incomes. A ₦5,000 bonus will generate an extra ₦4,023 of net incomes.
Tax per income
₦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
₦125,000
₦130,000
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
NGN 420005
0.0%
1
Germany
NGN 419998
0.0%
2
Austria
NGN 419998
0.0%
3
Ireland
NGN 419998
0.0%
4
Sweden
NGN 420000
0.0%
5
Norway
NGN 420000
0.0%
6
Spain
NGN 393335
6.4%
7
Italy
NGN 381394
9.2%
8
France
NGN 379255
9.7%
9
Czech Republic
NGN 373800
11.0%
10
Luxembourg
NGN 373587
11.1%
11
Russia
NGN 365400
13.0%
12
Switzerland
NGN 345193
17.8%
13
Hungary
NGN 342300
18.5%
14
Ukraine
NGN 338100
19.5%
15
Poland
NGN 329802
21.5%
16
Greece
NGN 328228
21.9%
17
Portugal
NGN 312686
25.6%
18
Finland
NGN 290853
30.8%
19
Belgium
NGN 285595
32.0%
20
Netherlands
NGN 264279
37.1%
21
Romania
NGN 245698
41.5%
22
Denmark
NGN 111206
74.1%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
NGN 413364
1.6%
1
USA
NGN 383625
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
NGN 420001
0.0%
1
Singapore
NGN 419994
0.0%
2
Hong Kong
NGN 420001
0.0%
3
Pakistan
NGN 401914
4.3%
4
Thailand
NGN 399000
5.0%
5
Indonesia
NGN 383040
8.8%
6
Taiwan
NGN 382826
8.9%
7
South Korea
NGN 375108
10.7%
8
New Zealand
NGN 370063
11.9%
9
India
NGN 369600
12.0%
10
China
NGN 364624
13.2%
11
Malaysia
NGN 360575
14.2%
12
Vietnam
NGN 357105
15.0%
13
Philippines
NGN 355991
15.2%
14
Japan
NGN 341286
18.7%
15
Kazakhstan
NGN 332640
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
NGN 410025
2.4%
1
Brazil
NGN 388501
7.5%
2
Puerto Rico
NGN 386610
8.0%
3
Colombia
NGN 386400
8.0%
4
Ecuador
NGN 380304
9.5%
5
Guatemala
NGN 379728
9.6%
6
Costa Rica
NGN 375900
10.5%
7
Panama
NGN 373799
11.0%
8
Peru
NGN 367499
12.5%
9
Argentina
NGN 348600
17.0%
10
Chile
NGN 346080
17.6%
11
Uruguay
NGN 343980
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
NGN 415800
1.0%
1
Uganda
NGN 399000
5.0%
2
Ghana
NGN 396900
5.5%
3
Zambia
NGN 394800
6.0%
4
Morocco
NGN 391692
6.7%
5
Ivory Coast
NGN 388500
7.5%
6
Senegal
NGN 381429
9.2%
7
Kenya
NGN 362336
13.7%
8
Angola
NGN 355489
15.4%
9
Cameroon
NGN 354362
15.6%
10
Mozambique
NGN 351320
16.4%
11
Nigeria
NGN 345528
17.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
NGN 419999
0.0%
1
Egypt
NGN 417820
0.5%
2
United Arab Emirates
NGN 399003
5.0%
3
Qatar
NGN 399001
5.0%
4
Bahrain
NGN 386385
8.0%
5
Oman
NGN 386390
8.0%
6
Lebanon
NGN 383050
8.8%
7
Kuwait
NGN 373826
11.0%
8
Israel
NGN 364772
13.2%
9
Turkey
NGN 353812
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.