Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦5,716
Income Tax
- ₦358
National Housing Fund (NHF)
- ₦143
Pension contributions
- ₦457
Total tax
- ₦958
Net pay
*
₦4,758
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦4,758
Net pay
₦686
Tax the employer pays
₦958
Tax you pay
Total tax paid
₦1,644
Did you know your employer also pays tax on your salary? It costs the employer ₦686 to pay you ₦5,716. 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 ₦68,592 a year living in Nigeria, you will be taxed ₦11,499. That means that your net pay will be ₦57,093 per year, or ₦4,758 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.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 68589
0.0%
1
Germany
NGN 68601
0.0%
2
Austria
NGN 68601
0.0%
3
Ireland
NGN 68601
0.0%
4
Sweden
NGN 68592
0.0%
5
Norway
NGN 68591
0.0%
6
Spain
NGN 64234
6.4%
7
Italy
NGN 62309
9.2%
8
France
NGN 61953
9.7%
9
Czech Republic
NGN 61047
11.0%
10
Luxembourg
NGN 61026
11.1%
11
Russia
NGN 59675
13.0%
12
Hungary
NGN 55902
18.5%
13
Ukraine
NGN 55216
19.5%
14
Poland
NGN 53861
21.5%
15
Greece
NGN 53612
21.9%
16
Portugal
NGN 51063
25.6%
17
Finland
NGN 47498
30.7%
18
Belgium
NGN 46643
32.0%
19
Netherlands
NGN 42258
38.4%
20
Romania
NGN 40128
41.5%
21
Switzerland
NGN 18016
73.7%
22
Denmark
NGN 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NGN 67508
1.6%
1
USA
NGN 62649
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 68594
0.0%
1
Singapore
NGN 68593
0.0%
2
Hong Kong
NGN 68593
0.0%
3
Thailand
NGN 65163
5.0%
4
Indonesia
NGN 62556
8.8%
5
Taiwan
NGN 62521
8.9%
6
South Korea
NGN 61260
10.7%
7
New Zealand
NGN 60432
11.9%
8
India
NGN 60363
12.0%
9
China
NGN 59547
13.2%
10
Vietnam
NGN 58320
15.0%
11
Japan
NGN 55737
18.7%
12
Kazakhstan
NGN 54325
20.8%
13
Malaysia
NGN 54301
20.8%
14
Pakistan
NGN 50506
26.4%
15
Philippines
NGN 28084
59.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 66963
2.4%
1
Brazil
NGN 63447
7.5%
2
Puerto Rico
NGN 63135
8.0%
3
Colombia
NGN 63105
8.0%
4
Ecuador
NGN 62112
9.4%
5
Guatemala
NGN 62015
9.6%
6
Costa Rica
NGN 61390
10.5%
7
Panama
NGN 61055
11.0%
8
Peru
NGN 60020
12.5%
9
Argentina
NGN 56931
17.0%
10
Chile
NGN 56520
17.6%
11
Uruguay
NGN 56177
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 67906
1.0%
1
Angola
NGN 66534
3.0%
2
Uganda
NGN 65162
5.0%
3
Ghana
NGN 64819
5.5%
4
Zambia
NGN 64477
6.0%
5
Morocco
NGN 63969
6.7%
6
Ivory Coast
NGN 63448
7.5%
7
Senegal
NGN 60243
12.2%
8
Cameroon
NGN 57872
15.6%
9
Nigeria
NGN 57093
16.8%
10
Mozambique
NGN 45595
33.5%
11
Kenya
NGN 14036
79.5%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 68592
0.0%
1
Saudi Arabia
NGN 68591
0.0%
2
United Arab Emirates
NGN 65162
5.0%
3
Qatar
NGN 65162
5.0%
4
Lebanon
NGN 63791
7.0%
5
Bahrain
NGN 63100
8.0%
6
Oman
NGN 63084
8.0%
7
Kuwait
NGN 61067
11.0%
8
Israel
NGN 59572
13.2%
9
Turkey
NGN 57783
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.