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Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Withholding
Salary ₦60,000
National Housing Fund (NHF) - ₦1,500
Income Tax - ₦5,191
Pension contributions - ₦4,800
Total tax - ₦11,491
Net pay * ₦48,509
Marginal tax rate 22.3%
Average tax rate 19.2%
19.2%Total tax
80.8%
Net pay
The Taxberg
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cloud
₦48,509
Net pay
₦7,200
Tax the employer pays
₦11,491
Tax you pay
Country flagIceberg
Icepiece
Total tax paid
₦18,691
Did you know your employer also pays tax on your salary? It costs the employer ₦7,200 to pay you ₦60,000. In other words, every time you spend ₦10 of your hard-earned money, ₦3.12 goes to the government.
Real tax rate
27.8%
So, with you and the employer both paying tax, what used to be a 19.2% tax rate now rises to 27.8%, meaning your real tax rate is actually 8.6% higher than what it seemed at first.
Summary

Si vous gagnez un salaire brut de ₦720,000 par an en Nigeria, vous serez imposé de ₦137,895. Cela signifie que votre salaire net sera de ₦582,105 par an, ou ₦48,509 par mois. Votre taux d'imposition moyen est 19.2% et votre taux d'imposition marginal est 22.3%. Ce taux d'imposition marginal signifie que votre revenu supplémentaire immédiat sera imposé à ce taux. Par exemple, une augmentation de ₦100 à votre salaire sera imposé de ₦22.3, par conséquent, votre salaire net augmentera seulement de ₦77.7.

Bonus Example

A ₦1,000 bonus will generate an extra ₦777 of net incomes. A ₦5,000 bonus will generate an extra ₦3,885 of net incomes.

NOTE* Withholding is calculated based on the Nigeria tables of NG, 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.