Total tax paid
₦15,089
Did you know your employer also pays tax on your salary? It costs the employer ₦5,941 to pay you ₦49,508. In other words, every time you spend ₦10 of your hard-earned money, ₦3.05 goes to the government.
Real tax rate
27.2%
So, with you and the employer both paying tax, what used to be a 18.5% tax rate now rises to 27.2%, meaning your real tax rate is actually 8.7% higher than what it seemed at first.