Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦4,784
Income Tax
- ₦514
National Housing Fund (NHF)
- ₦120
Pension contributions
- ₦383
Total tax
- ₦1,017
Net pay
*
₦3,767
Marginal tax rate
25.8%
Average tax rate
21.2%
78.8%
Net pay
21.2%
Total tax
Total tax
Net pay
The Taxberg
₦3,767
Net pay
₦574
Tax the employer pays
₦1,017
Tax you pay
Total tax paid
₦1,591
Did you know your employer also pays tax on your salary? It costs the employer ₦574 to pay you ₦4,784. In other words, every time you spend ₦10 of your hard-earned money, ₦3.32 goes to the government.
Real tax rate
29.7%
So, with you and the employer both paying tax, what used to be a 21.2% tax rate now rises to 29.7%, meaning your real tax rate is actually 8.5% higher than what it seemed at first.
Summary
If you make ₦1,243,840 a year living in Nigeria, you will be taxed ₦264,314. That means that your net pay will be ₦979,526 per year, or ₦81,627 per month. Your average tax rate is 21.3% and your marginal tax rate is 25.8%. 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 ₦25.77, hence, your net pay will only increase by ₦74.23.
Bonus Example
A ₦1,000 bonus will generate an extra ₦742 of net incomes. A ₦5,000 bonus will generate an extra ₦3,712 of net incomes.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 1243843
0.0%
1
Germany
NGN 1243848
0.0%
2
Austria
NGN 1243848
0.0%
3
Ireland
NGN 1243848
0.0%
4
Sweden
NGN 1243840
0.0%
5
Norway
NGN 1243841
0.0%
6
Spain
NGN 1164856
6.4%
7
Italy
NGN 1129531
9.2%
8
France
NGN 1123186
9.7%
9
Switzerland
NGN 1113572
10.5%
10
Czech Republic
NGN 1107017
11.0%
11
Luxembourg
NGN 1106397
11.1%
12
Russia
NGN 1082141
13.0%
13
Hungary
NGN 1013730
18.5%
14
Ukraine
NGN 1001291
19.5%
15
Poland
NGN 976710
21.5%
16
Greece
NGN 972065
21.9%
17
Portugal
NGN 926046
25.6%
18
Finland
NGN 861367
30.8%
19
Belgium
NGN 845807
32.0%
20
Netherlands
NGN 782714
37.1%
21
Denmark
NGN 735356
40.9%
22
Romania
NGN 727645
41.5%
23
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Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 1243836
0.0%
1
Singapore
NGN 1243841
0.0%
2
Hong Kong
NGN 1243840
0.0%
3
Pakistan
NGN 1225754
1.5%
4
Thailand
NGN 1181648
5.0%
5
Indonesia
NGN 1134875
8.8%
6
Taiwan
NGN 1133748
8.9%
7
Philippines
NGN 1129010
9.2%
8
South Korea
NGN 1110891
10.7%
9
New Zealand
NGN 1095945
11.9%
10
India
NGN 1094579
12.0%
11
Malaysia
NGN 1089417
12.4%
12
China
NGN 1079840
13.2%
13
Vietnam
NGN 1057575
15.0%
14
Japan
NGN 1010727
18.7%
15
Kazakhstan
NGN 985121
20.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 1214299
2.4%
1
Brazil
NGN 1150552
7.5%
2
Puerto Rico
NGN 1144953
8.0%
3
Colombia
NGN 1144333
8.0%
4
Ecuador
NGN 1126301
9.5%
5
Guatemala
NGN 1124574
9.6%
6
Costa Rica
NGN 1113237
10.5%
7
Panama
NGN 1107025
11.0%
8
Peru
NGN 1088360
12.5%
9
Argentina
NGN 1032387
17.0%
10
Chile
NGN 1024924
17.6%
11
Uruguay
NGN 1018705
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 1231402
1.0%
1
Uganda
NGN 1175981
5.5%
2
Zambia
NGN 1169210
6.0%
3
Morocco
NGN 1160006
6.7%
4
Ivory Coast
NGN 1148938
7.6%
5
Senegal
NGN 1125171
9.5%
6
Kenya
NGN 1084616
12.8%
7
Ghana
NGN 1077153
13.4%
8
Mozambique
NGN 1060991
14.7%
9
Cameroon
NGN 1049453
15.6%
10
Angola
NGN 988349
20.5%
11
Nigeria
NGN 979526
21.3%
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.