Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦5,520
Income Tax
- ₦346
National Housing Fund (NHF)
- ₦138
Pension contributions
- ₦442
Total tax
- ₦925
Net pay
* ₦4,595
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦4,595
Net pay
₦662
Tax the employer pays
₦925
Tax you pay
Total tax paid
₦1,588
Did you know your employer also pays tax on your salary? It costs the employer ₦662 to pay you ₦5,520. 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.
People also ask
₦66,240 yearly is how much per hour?
₦31.85 hourly is how much per year?
Summary
If you make ₦66,240 a year living in Nigeria, you will be taxed ₦11,105. That means that your net pay will be ₦55,135 per year, or ₦4,595 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 ₦16.76, hence, your net pay will only increase by ₦83.24.
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.
Tax per income
₦5,000
₦10,000
₦15,000
₦20,000
₦25,000
₦30,000
₦35,000
₦40,000
₦45,000
₦50,000
₦55,000
₦60,000
₦65,000
₦70,000
₦75,000
₦80,000
₦85,000
₦90,000
₦95,000
₦100,000
North America
Country 
Net pay
Average tax
Rank
Canada
NGN 65190
1.6%
1
USA
NGN 60502
8.7%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
NGN 65577
1.0%
1
Angola
NGN 64253
3.0%
2
Uganda
NGN 62928
5.0%
3
Ghana
NGN 62597
5.5%
4
Zambia
NGN 62266
6.0%
5
Morocco
NGN 61776
6.7%
6
Ivory Coast
NGN 61272
7.5%
7
Senegal
NGN 58093
12.3%
8
Cameroon
NGN 55888
15.6%
9
Nigeria
NGN 55135
16.8%
10
Mozambique
NGN 43549
34.3%
11
Kenya
NGN 11684
82.4%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
NGN 66240
0.0%
1
Saudi Arabia
NGN 66238
0.0%
2
United Arab Emirates
NGN 62929
5.0%
3
Qatar
NGN 62928
5.0%
4
Lebanon
NGN 61603
7.0%
5
Bahrain
NGN 60919
8.0%
6
Oman
NGN 60949
8.0%
7
Kuwait
NGN 58939
11.0%
8
Israel
NGN 57528
13.2%
9
Turkey
NGN 55801
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.