Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦36,875
Income Tax
- ₦2,701
National Housing Fund (NHF)
- ₦922
Pension contributions
- ₦2,950
Total tax
- ₦6,572
Net pay
*
₦30,303
Marginal tax rate
19.6%
Average tax rate
17.8%
82.2%
Net pay
17.8%
Total tax
Total tax
Net pay
The Taxberg
₦30,303
Net pay
₦4,425
Tax the employer pays
₦6,572
Tax you pay
Total tax paid
₦10,997
Did you know your employer also pays tax on your salary? It costs the employer ₦4,425 to pay you ₦36,875. In other words, every time you spend ₦10 of your hard-earned money, ₦2.98 goes to the government.
Real tax rate
26.6%
So, with you and the employer both paying tax, what used to be a 17.8% tax rate now rises to 26.6%, meaning your real tax rate is actually 8.8% higher than what it seemed at first.
Summary
If you make ₦442,500 a year living in Nigeria, you will be taxed ₦78,870. That means that your net pay will be ₦363,630 per year, or ₦30,303 per month. Your average tax rate is 17.8% and your marginal tax rate is 19.6%. 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 ₦19.55, hence, your net pay will only increase by ₦80.45.
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.
Compare average tax
North America
Country
Net pay
Average tax
Rank
Canada
NGN 435506
1.6%
1
USA
NGN 404172
8.7%
2
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.