Total tax paid
₦507
Did you know your employer also pays tax on your salary? It costs the employer ₦163 to pay you ₦1,358. In other words, every time you spend ₦10 of your hard-earned money, ₦3.73 goes to the government.
Real tax rate
33.3%
So, with you and the employer both paying tax, what used to be a 25.3% tax rate now rises to 33.3%, meaning your real tax rate is actually 8% higher than what it seemed at first.