Total tax paid
₦6,705
Did you know your employer also pays tax on your salary? It costs the employer ₦1,857 to pay you ₦15,474. In other words, every time you spend ₦10 of your hard-earned money, ₦4.33 goes to the government.
Real tax rate
38.7%
So, with you and the employer both paying tax, what used to be a 31.3% tax rate now rises to 38.7%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.