Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦5,864
Income Tax
- ₦367
National Housing Fund (NHF)
- ₦147
Pension contributions
- ₦469
Total tax
- ₦983
Net pay
*
₦4,881
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦4,881
Net pay
₦704
Tax the employer pays
₦983
Tax you pay
Total tax paid
₦1,687
Did you know your employer also pays tax on your salary? It costs the employer ₦704 to pay you ₦5,864. 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 ₦70,368 a year living in Nigeria, you will be taxed ₦11,797. That means that your net pay will be ₦58,571 per year, or ₦4,881 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.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 70374
0.0%
1
Germany
NGN 70365
0.0%
2
Austria
NGN 70365
0.0%
3
Ireland
NGN 70365
0.0%
4
Sweden
NGN 70369
0.0%
5
Norway
NGN 70368
0.0%
6
Spain
NGN 65909
6.4%
7
Italy
NGN 63895
9.2%
8
France
NGN 63539
9.7%
9
Czech Republic
NGN 62627
11.0%
10
Luxembourg
NGN 62594
11.1%
11
Russia
NGN 61220
13.0%
12
Hungary
NGN 57350
18.5%
13
Ukraine
NGN 56646
19.5%
14
Poland
NGN 55255
21.5%
15
Greece
NGN 55002
21.8%
16
Portugal
NGN 52382
25.6%
17
Finland
NGN 48728
30.8%
18
Belgium
NGN 47855
32.0%
19
Netherlands
NGN 43381
38.4%
20
Romania
NGN 41166
41.5%
21
Switzerland
NGN 19612
72.1%
22
Denmark
NGN 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NGN 69250
1.6%
1
USA
NGN 64259
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 70371
0.0%
1
Singapore
NGN 70373
0.0%
2
Hong Kong
NGN 70367
0.0%
3
Thailand
NGN 66850
5.0%
4
Indonesia
NGN 64176
8.8%
5
Taiwan
NGN 64140
8.9%
6
South Korea
NGN 62847
10.7%
7
New Zealand
NGN 61998
11.9%
8
India
NGN 61926
12.0%
9
China
NGN 61089
13.2%
10
Vietnam
NGN 59830
15.0%
11
Japan
NGN 57180
18.7%
12
Malaysia
NGN 56078
20.3%
13
Kazakhstan
NGN 55731
20.8%
14
Pakistan
NGN 52282
25.7%
15
Philippines
NGN 28811
59.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 68696
2.4%
1
Brazil
NGN 65091
7.5%
2
Puerto Rico
NGN 64762
8.0%
3
Colombia
NGN 64739
8.0%
4
Ecuador
NGN 63722
9.4%
5
Guatemala
NGN 63621
9.6%
6
Costa Rica
NGN 62979
10.5%
7
Panama
NGN 62629
11.0%
8
Peru
NGN 61572
12.5%
9
Argentina
NGN 58405
17.0%
10
Chile
NGN 57983
17.6%
11
Uruguay
NGN 57631
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 69664
1.0%
1
Angola
NGN 68257
3.0%
2
Uganda
NGN 66850
5.0%
3
Ghana
NGN 66498
5.5%
4
Zambia
NGN 66146
6.0%
5
Morocco
NGN 65625
6.7%
6
Ivory Coast
NGN 65090
7.5%
7
Senegal
NGN 61866
12.1%
8
Cameroon
NGN 59371
15.6%
9
Nigeria
NGN 58571
16.8%
10
Mozambique
NGN 47140
33.0%
11
Kenya
NGN 15812
77.5%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 70368
0.0%
1
Saudi Arabia
NGN 70368
0.0%
2
United Arab Emirates
NGN 66852
5.0%
3
Qatar
NGN 66849
5.0%
4
Lebanon
NGN 65442
7.0%
5
Oman
NGN 64740
8.0%
6
Bahrain
NGN 64746
8.0%
7
Kuwait
NGN 62650
11.0%
8
Israel
NGN 61114
13.2%
9
Turkey
NGN 59278
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.