Total tax paid
₦11,477
Did you know your employer also pays tax on your salary? It costs the employer ₦4,607 to pay you ₦38,394. In other words, every time you spend ₦10 of your hard-earned money, ₦2.99 goes to the government.
Real tax rate
26.7%
So, with you and the employer both paying tax, what used to be a 17.9% tax rate now rises to 26.7%, meaning your real tax rate is actually 8.8% higher than what it seemed at first.