Total tax paid
₦32,848
Did you know your employer also pays tax on your salary? It costs the employer ₦11,925 to pay you ₦99,375. In other words, every time you spend ₦10 of your hard-earned money, ₦3.31 goes to the government.
Real tax rate
29.5%
So, with you and the employer both paying tax, what used to be a 21.1% tax rate now rises to 29.5%, meaning your real tax rate is actually 8.4% higher than what it seemed at first.