Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦5,430
Income Tax
- ₦340
National Housing Fund (NHF)
- ₦136
Pension contributions
- ₦434
Total tax
- ₦910
Net pay
*
₦4,520
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦4,520
Net pay
₦652
Tax the employer pays
₦910
Tax you pay
Total tax paid
₦1,562
Did you know your employer also pays tax on your salary? It costs the employer ₦652 to pay you ₦5,430. 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 ₦65,160 a year living in Nigeria, you will be taxed ₦10,924. That means that your net pay will be ₦54,236 per year, or ₦4,520 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 65169
0.0%
1
Germany
NGN 65161
0.0%
2
Austria
NGN 65161
0.0%
3
Ireland
NGN 65161
0.0%
4
Sweden
NGN 65160
0.0%
5
Norway
NGN 65161
0.0%
6
Spain
NGN 61026
6.4%
7
Italy
NGN 59172
9.2%
8
France
NGN 58851
9.7%
9
Czech Republic
NGN 57993
11.0%
10
Luxembourg
NGN 57960
11.1%
11
Russia
NGN 56689
13.0%
12
Hungary
NGN 53105
18.5%
13
Ukraine
NGN 52454
19.5%
14
Poland
NGN 51165
21.5%
15
Greece
NGN 50920
21.9%
16
Portugal
NGN 48514
25.6%
17
Finland
NGN 45128
30.7%
18
Belgium
NGN 44308
32.0%
19
Netherlands
NGN 40084
38.5%
20
Romania
NGN 38122
41.5%
21
Switzerland
NGN 14937
77.1%
22
Denmark
NGN 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NGN 64132
1.6%
1
USA
NGN 59512
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 65158
0.0%
1
Singapore
NGN 65159
0.0%
2
Hong Kong
NGN 65160
0.0%
3
Thailand
NGN 61902
5.0%
4
Indonesia
NGN 59426
8.8%
5
Taiwan
NGN 59393
8.9%
6
South Korea
NGN 58195
10.7%
7
New Zealand
NGN 57410
11.9%
8
India
NGN 57341
12.0%
9
China
NGN 56568
13.2%
10
Vietnam
NGN 55402
15.0%
11
Japan
NGN 52948
18.7%
12
Kazakhstan
NGN 51607
20.8%
13
Malaysia
NGN 50869
21.9%
14
Pakistan
NGN 47074
27.8%
15
Philippines
NGN 26679
59.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 63612
2.4%
1
Brazil
NGN 60274
7.5%
2
Puerto Rico
NGN 59982
8.0%
3
Colombia
NGN 59947
8.0%
4
Ecuador
NGN 59009
9.5%
5
Guatemala
NGN 58912
9.6%
6
Costa Rica
NGN 58318
10.5%
7
Panama
NGN 57989
11.0%
8
Peru
NGN 57017
12.5%
9
Argentina
NGN 54083
17.0%
10
Chile
NGN 53692
17.6%
11
Uruguay
NGN 53366
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 64509
1.0%
1
Angola
NGN 63205
3.0%
2
Uganda
NGN 61902
5.0%
3
Ghana
NGN 61576
5.5%
4
Zambia
NGN 61250
6.0%
5
Morocco
NGN 60768
6.7%
6
Ivory Coast
NGN 60273
7.5%
7
Senegal
NGN 57106
12.4%
8
Cameroon
NGN 54977
15.6%
9
Nigeria
NGN 54236
16.8%
10
Mozambique
NGN 42609
34.6%
11
Kenya
NGN 10604
83.7%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 65160
0.0%
1
Saudi Arabia
NGN 65162
0.0%
2
United Arab Emirates
NGN 61902
5.0%
3
Qatar
NGN 61903
5.0%
4
Lebanon
NGN 60599
7.0%
5
Bahrain
NGN 59940
8.0%
6
Oman
NGN 59947
8.0%
7
Kuwait
NGN 58011
11.0%
8
Israel
NGN 56593
13.2%
9
Turkey
NGN 54891
15.8%
10
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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.