Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦4,168
Income Tax
- ₦261
National Housing Fund (NHF)
- ₦104
Pension contributions
- ₦333
Total tax
- ₦699
Net pay
*
₦3,469
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦3,469
Net pay
₦500
Tax the employer pays
₦699
Tax you pay
Total tax paid
₦1,199
Did you know your employer also pays tax on your salary? It costs the employer ₦500 to pay you ₦4,168. 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 ₦50,016 a year living in Nigeria, you will be taxed ₦8,385. That means that your net pay will be ₦41,631 per year, or ₦3,469 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.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 50006
0.0%
1
Germany
NGN 50011
0.0%
2
Austria
NGN 50011
0.0%
3
Ireland
NGN 50011
0.0%
4
Sweden
NGN 50016
0.0%
5
Norway
NGN 50015
0.0%
6
Spain
NGN 46839
6.3%
7
Italy
NGN 45413
9.2%
8
France
NGN 45163
9.7%
9
Czech Republic
NGN 44514
11.0%
10
Luxembourg
NGN 44486
11.1%
11
Russia
NGN 43514
13.0%
12
Hungary
NGN 40763
18.5%
13
Ukraine
NGN 40263
19.5%
14
Poland
NGN 39276
21.5%
15
Greece
NGN 39086
21.9%
16
Portugal
NGN 37232
25.6%
17
Finland
NGN 34630
30.8%
18
Belgium
NGN 34006
32.0%
19
Netherlands
NGN 30495
39.1%
20
Romania
NGN 29260
41.5%
21
Switzerland
NGN 1311
97.4%
22
Denmark
NGN 0
100.0%
23
Show more
North America
Country
Net pay
Average tax
Rank
Canada
NGN 49223
1.6%
1
USA
NGN 45674
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 50013
0.0%
1
Singapore
NGN 50019
0.0%
2
Hong Kong
NGN 50016
0.0%
3
Thailand
NGN 47515
5.0%
4
Indonesia
NGN 45615
8.8%
5
Taiwan
NGN 45589
8.9%
6
South Korea
NGN 44670
10.7%
7
New Zealand
NGN 44065
11.9%
8
India
NGN 44011
12.0%
9
China
NGN 43421
13.2%
10
Vietnam
NGN 42526
15.0%
11
Japan
NGN 40642
18.7%
12
Kazakhstan
NGN 39613
20.8%
13
Malaysia
NGN 39497
21.0%
14
Pakistan
NGN 31930
36.2%
15
Philippines
NGN 20478
59.1%
16
Show more
Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 48828
2.4%
1
Brazil
NGN 46264
7.5%
2
Puerto Rico
NGN 46043
8.0%
3
Colombia
NGN 46015
8.0%
4
Ecuador
NGN 45288
9.5%
5
Guatemala
NGN 45220
9.6%
6
Costa Rica
NGN 44764
10.5%
7
Panama
NGN 44522
11.0%
8
Peru
NGN 43765
12.5%
9
Argentina
NGN 41513
17.0%
10
Chile
NGN 41213
17.6%
11
Uruguay
NGN 40963
18.1%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 49516
1.0%
1
Angola
NGN 48516
3.0%
2
Uganda
NGN 47515
5.0%
3
Ghana
NGN 47265
5.5%
4
Zambia
NGN 47015
6.0%
5
Morocco
NGN 46645
6.7%
6
Ivory Coast
NGN 46265
7.5%
7
Senegal
NGN 43264
13.5%
8
Cameroon
NGN 42199
15.6%
9
Nigeria
NGN 41631
16.8%
10
Mozambique
NGN 29434
41.2%
11
Kenya
NGN 50016
109.1%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 50016
0.0%
1
Saudi Arabia
NGN 50017
0.0%
2
United Arab Emirates
NGN 47512
5.0%
3
Qatar
NGN 47513
5.0%
4
Lebanon
NGN 46515
7.0%
5
Bahrain
NGN 46012
8.0%
6
Oman
NGN 46006
8.0%
7
Kuwait
NGN 44532
11.0%
8
Israel
NGN 43438
13.2%
9
Turkey
NGN 42134
15.8%
10
Show more
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.