Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦8,195
Income Tax
- ₦513
National Housing Fund (NHF)
- ₦205
Pension contributions
- ₦656
Total tax
- ₦1,374
Net pay
*
₦6,821
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦6,821
Net pay
₦983
Tax the employer pays
₦1,374
Tax you pay
Total tax paid
₦2,357
Did you know your employer also pays tax on your salary? It costs the employer ₦983 to pay you ₦8,195. 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 ₦98,340 a year living in Nigeria, you will be taxed ₦16,487. That means that your net pay will be ₦81,853 per year, or ₦6,821 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 ₦16.77, hence, your net pay will only increase by ₦83.23.
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 98334
0.0%
1
Germany
NGN 98347
0.0%
2
Austria
NGN 98347
0.0%
3
Ireland
NGN 98347
0.0%
4
Sweden
NGN 98340
0.0%
5
Norway
NGN 98340
0.0%
6
Spain
NGN 92109
6.4%
7
Italy
NGN 89311
9.2%
8
France
NGN 88794
9.7%
9
Czech Republic
NGN 87523
11.0%
10
Luxembourg
NGN 87475
11.1%
11
Russia
NGN 85556
13.0%
12
Hungary
NGN 80147
18.5%
13
Ukraine
NGN 79164
19.5%
14
Poland
NGN 77218
21.5%
15
Greece
NGN 76870
21.8%
16
Portugal
NGN 73217
25.6%
17
Finland
NGN 68102
30.8%
18
Belgium
NGN 66872
32.0%
19
Netherlands
NGN 61240
37.7%
20
Romania
NGN 57528
41.5%
21
Switzerland
NGN 44964
54.3%
22
Denmark
NGN 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NGN 96787
1.6%
1
USA
NGN 89805
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 98336
0.0%
1
Singapore
NGN 98334
0.0%
2
Hong Kong
NGN 98341
0.0%
3
Thailand
NGN 93423
5.0%
4
Indonesia
NGN 89686
8.8%
5
Taiwan
NGN 89636
8.9%
6
South Korea
NGN 87829
10.7%
7
New Zealand
NGN 86643
11.9%
8
India
NGN 86546
12.0%
9
China
NGN 85374
13.2%
10
Vietnam
NGN 83614
15.0%
11
Malaysia
NGN 80408
18.2%
12
Pakistan
NGN 80254
18.4%
13
Japan
NGN 79910
18.7%
14
Kazakhstan
NGN 77885
20.8%
15
Philippines
NGN 40264
59.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 96004
2.4%
1
Brazil
NGN 90966
7.5%
2
Puerto Rico
NGN 90509
8.0%
3
Colombia
NGN 90473
8.0%
4
Ecuador
NGN 89050
9.5%
5
Guatemala
NGN 88910
9.6%
6
Costa Rica
NGN 88014
10.5%
7
Panama
NGN 87520
11.0%
8
Peru
NGN 86048
12.5%
9
Argentina
NGN 81622
17.0%
10
Chile
NGN 81032
17.6%
11
Uruguay
NGN 80540
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 97356
1.0%
1
Angola
NGN 94409
4.0%
2
Uganda
NGN 93423
5.0%
3
Ghana
NGN 92932
5.5%
4
Zambia
NGN 92440
6.0%
5
Morocco
NGN 91712
6.7%
6
Ivory Coast
NGN 90965
7.5%
7
Senegal
NGN 87432
11.1%
8
Cameroon
NGN 82971
15.6%
9
Nigeria
NGN 81853
16.8%
10
Mozambique
NGN 71476
27.3%
11
Kenya
NGN 43784
55.5%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NGN 98340
0.0%
1
Saudi Arabia
NGN 98341
0.0%
2
United Arab Emirates
NGN 93421
5.0%
3
Qatar
NGN 93423
5.0%
4
Lebanon
NGN 91456
7.0%
5
Bahrain
NGN 90467
8.0%
6
Oman
NGN 90487
8.0%
7
Kuwait
NGN 87535
11.0%
8
Israel
NGN 85409
13.2%
9
Turkey
NGN 82842
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.