Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦3,530
Income Tax
- ₦221
National Housing Fund (NHF)
- ₦88.25
Pension contributions
- ₦282
Total tax
- ₦592
Net pay
*
₦2,938
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦2,938
Net pay
₦424
Tax the employer pays
₦592
Tax you pay
Total tax paid
₦1,015
Did you know your employer also pays tax on your salary? It costs the employer ₦424 to pay you ₦3,530. 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 ₦42,360 a year living in Nigeria, you will be taxed ₦7,102. That means that your net pay will be ₦35,258 per year, or ₦2,938 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.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 42370
0.0%
1
Germany
NGN 42365
0.0%
2
Austria
NGN 42365
0.0%
3
Ireland
NGN 42365
0.0%
4
Sweden
NGN 42361
0.0%
5
Norway
NGN 42360
0.0%
6
Spain
NGN 39674
6.4%
7
Italy
NGN 38462
9.2%
8
France
NGN 38248
9.7%
9
Czech Republic
NGN 37700
11.0%
10
Luxembourg
NGN 37678
11.1%
11
Russia
NGN 36853
13.0%
12
Hungary
NGN 34523
18.5%
13
Ukraine
NGN 34100
19.5%
14
Poland
NGN 33264
21.5%
15
Greece
NGN 33097
21.8%
16
Portugal
NGN 31529
25.6%
17
Finland
NGN 29337
30.8%
18
Belgium
NGN 28802
32.0%
19
Netherlands
NGN 25647
39.5%
20
Romania
NGN 24776
41.5%
21
Denmark
NGN 0
100.0%
22
Switzerland
NGN 42360
113.2%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NGN 41690
1.6%
1
USA
NGN 38696
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 42363
0.0%
1
Singapore
NGN 42362
0.0%
2
Hong Kong
NGN 42359
0.0%
3
Thailand
NGN 40242
5.0%
4
Indonesia
NGN 38632
8.8%
5
Taiwan
NGN 38611
8.9%
6
South Korea
NGN 37832
10.7%
7
New Zealand
NGN 37322
11.9%
8
India
NGN 37277
12.0%
9
China
NGN 36774
13.2%
10
Vietnam
NGN 36017
15.0%
11
Malaysia
NGN 34594
18.3%
12
Japan
NGN 34421
18.7%
13
Kazakhstan
NGN 33549
20.8%
14
Pakistan
NGN 24274
42.7%
15
Philippines
NGN 17344
59.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 41354
2.4%
1
Brazil
NGN 39182
7.5%
2
Puerto Rico
NGN 38998
8.0%
3
Colombia
NGN 38971
8.0%
4
Ecuador
NGN 38361
9.5%
5
Guatemala
NGN 38299
9.6%
6
Costa Rica
NGN 37912
10.5%
7
Panama
NGN 37705
11.0%
8
Peru
NGN 37065
12.5%
9
Argentina
NGN 35159
17.0%
10
Chile
NGN 34905
17.6%
11
Uruguay
NGN 34693
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 41936
1.0%
1
Angola
NGN 41089
3.0%
2
Uganda
NGN 40242
5.0%
3
Ghana
NGN 40030
5.5%
4
Zambia
NGN 39819
6.0%
5
Morocco
NGN 39506
6.7%
6
Ivory Coast
NGN 39183
7.5%
7
Senegal
NGN 36267
14.4%
8
Cameroon
NGN 35740
15.6%
9
Nigeria
NGN 35258
16.8%
10
Mozambique
NGN 22773
46.2%
11
Kenya
NGN 42360
128.8%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 42360
0.0%
1
Saudi Arabia
NGN 42359
0.0%
2
United Arab Emirates
NGN 40242
5.0%
3
Qatar
NGN 40243
5.0%
4
Lebanon
NGN 39395
7.0%
5
Bahrain
NGN 38981
8.0%
6
Oman
NGN 38992
8.0%
7
Kuwait
NGN 37710
11.0%
8
Israel
NGN 36788
13.2%
9
Turkey
NGN 35684
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.