Total tax paid
₦28,479
Did you know your employer also pays tax on your salary? It costs the employer ₦10,515 to pay you ₦87,624. In other words, every time you spend ₦10 of your hard-earned money, ₦3.25 goes to the government.
Real tax rate
29.0%
So, with you and the employer both paying tax, what used to be a 20.5% tax rate now rises to 29.0%, meaning your real tax rate is actually 8.5% higher than what it seemed at first.