Total tax paid
₦1,957
Did you know your employer also pays tax on your salary? It costs the employer ₦688 to pay you ₦5,732. In other words, every time you spend ₦10 of your hard-earned money, ₦3.41 goes to the government.
Real tax rate
30.5%
So, with you and the employer both paying tax, what used to be a 22.1% tax rate now rises to 30.5%, meaning your real tax rate is actually 8.4% higher than what it seemed at first.