Income Tax Calculator Nigeria

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary ₦5,725

National Housing Fund (NHF) - ₦143

Income Tax - ₦1,130

Pension contributions - ₦458

Total tax - ₦1,731

Net pay * ₦3,994

Marginal tax rate 32.0%

Average tax rate 30.2%

30.2%Total tax

69.8%

Net pay

The Taxberg

₦3,994

Net pay

₦687

Tax the employer pays

₦1,731

Tax you pay

Total tax paid

₦2,418

Did you know your employer also pays tax on your salary? It costs the employer ₦687 to pay you ₦5,725. In other words, every time you spend ₦10 of your hard-earned money, ₦4.22 goes to the government.

Real tax rate

37.7%

So, with you and the employer both paying tax, what used to be a 30.2% tax rate now rises to 37.7%, meaning your real tax rate is actually 7.5% higher than what it seemed at first.

Summary

If you make ₦11,907,750 a year living in Nigeria, you will be taxed ₦3,600,098. That means that your net pay will be ₦8,307,652 per year, or ₦692,304 per month. Your average tax rate is 30.2% 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 ₦32, hence, your net pay will only increase by ₦68.

Bonus Example

A ₦1,000 bonus will generate an extra ₦680 of net incomes. A ₦5,000 bonus will generate an extra ₦3,400 of net incomes.

Tax per income

₦5,000₦10,000₦15,000₦20,000₦25,000₦30,000₦35,000₦40,000₦45,000₦50,000₦55,000₦60,000₦65,000₦70,000₦75,000₦80,000₦85,000₦90,000₦95,000₦100,000

NOTE* Withholding is calculated based on the Nigeria tables of NG, 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.