Total tax paid
₦16,192
Did you know your employer also pays tax on your salary? It costs the employer ₦6,327 to pay you ₦52,721. In other words, every time you spend ₦10 of your hard-earned money, ₦3.07 goes to the government.
Real tax rate
27.4%
So, with you and the employer both paying tax, what used to be a 18.7% tax rate now rises to 27.4%, meaning your real tax rate is actually 8.7% higher than what it seemed at first.