Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦852,436
Income Tax
- ₦165,770
National Housing Fund (NHF)
- ₦21,311
Pension contributions
- ₦68,195
Total tax
- ₦255,276
Net pay
*
₦597,160
Marginal tax rate
32.0%
Average tax rate
29.9%
70.1%
Net pay
29.9%
Total tax
Total tax
Net pay
The Taxberg
₦597,160
Net pay
₦102,292
Tax the employer pays
₦255,276
Tax you pay
Total tax paid
₦357,568
Did you know your employer also pays tax on your salary? It costs the employer ₦102,292 to pay you ₦852,436. In other words, every time you spend ₦10 of your hard-earned money, ₦4.19 goes to the government.
Real tax rate
37.5%
So, with you and the employer both paying tax, what used to be a 29.9% tax rate now rises to 37.5%, meaning your real tax rate is actually 7.6% higher than what it seemed at first.
Summary
If you make ₦10,229,232 a year living in Nigeria, you will be taxed ₦3,063,308. That means that your net pay will be ₦7,165,924 per year, or ₦597,160 per month. Your average tax rate is 30.0% and your marginal tax rate is 32.0%. 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 ₦31.98, hence, your net pay will only increase by ₦68.02.
Bonus Example
A ₦1,000 bonus will generate an extra ₦680 of net incomes. A ₦5,000 bonus will generate an extra ₦3,401 of net incomes.
North America
Country
Net pay
Average tax
Rank
USA
NGN 9343913
8.7%
1
Canada
NGN 8132930
20.5%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 9810829
4.1%
1
Morocco
NGN 8982445
12.2%
2
Cameroon
NGN 8228568
19.6%
3
Ivory Coast
NGN 8195016
19.9%
4
Mozambique
NGN 8138041
20.4%
5
Kenya
NGN 8053585
21.3%
6
Ghana
NGN 7689806
24.8%
7
Angola
NGN 7689438
24.8%
8
Zambia
NGN 7171939
29.9%
9
Nigeria
NGN 7165924
30.0%
10
Senegal
NGN 7143080
30.2%
11
Uganda
NGN 7141022
30.2%
12
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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.