Total tax paid
₦29,229
Did you know your employer also pays tax on your salary? It costs the employer ₦10,765 to pay you ₦89,712. In other words, every time you spend ₦10 of your hard-earned money, ₦3.26 goes to the government.
Real tax rate
29.1%
So, with you and the employer both paying tax, what used to be a 20.6% tax rate now rises to 29.1%, meaning your real tax rate is actually 8.5% higher than what it seemed at first.