Total tax paid
₦20.82
Did you know your employer also pays tax on your salary? It costs the employer ₦8.88 to pay you ₦74. In other words, every time you spend ₦10 of your hard-earned money, ₦2.81 goes to the government.
Real tax rate
25.1%
So, with you and the employer both paying tax, what used to be a 16.1% tax rate now rises to 25.1%, meaning your real tax rate is actually 9% higher than what it seemed at first.