Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦89,077
Income Tax
- ₦18,334
National Housing Fund (NHF)
- ₦2,227
Pension contributions
- ₦7,126
Total tax
- ₦27,687
Net pay
*
₦61,390
Marginal tax rate
32.0%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
₦61,390
Net pay
₦10,689
Tax the employer pays
₦27,687
Tax you pay
Total tax paid
₦38,376
Did you know your employer also pays tax on your salary? It costs the employer ₦10,689 to pay you ₦89,077. In other words, every time you spend ₦10 of your hard-earned money, ₦4.31 goes to the government.
Real tax rate
38.5%
So, with you and the employer both paying tax, what used to be a 31.1% tax rate now rises to 38.5%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make ₦23,160,020 a year living in Nigeria, you will be taxed ₦7,198,574. That means that your net pay will be ₦15,961,446 per year, or ₦1,330,120 per month. Your average tax rate is 31.1% and your marginal tax rate is 32.0%. 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 ₦31.98, hence, your net pay will only increase by ₦68.02.
Bonus Example
A ₦1,000 bonus will generate an extra ₦680 of net incomes. A ₦5,000 bonus will generate an extra ₦3,401 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
NGN 20643841
10.9%
1
Canada
NGN 17592009
24.0%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 20145034
13.0%
1
Mozambique
NGN 17598216
24.0%
2
Morocco
NGN 17484576
24.5%
3
Angola
NGN 17138882
26.0%
4
Kenya
NGN 17059976
26.3%
5
Ivory Coast
NGN 17056322
26.4%
6
Ghana
NGN 16854502
27.2%
7
Cameroon
NGN 16201558
30.1%
8
Nigeria
NGN 15961446
31.1%
9
Uganda
NGN 15546035
32.9%
10
Senegal
NGN 15451441
33.3%
11
Zambia
NGN 14732114
36.4%
12
Show more
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.