Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦1,085,068
Income Tax
- ₦215,739
National Housing Fund (NHF)
- ₦27,127
Pension contributions
- ₦86,805
Total tax
- ₦329,671
Net pay
*
₦755,397
Marginal tax rate
32.0%
Average tax rate
30.4%
69.6%
Net pay
30.4%
Total tax
Total tax
Net pay
The Taxberg
₦755,397
Net pay
₦130,208
Tax the employer pays
₦329,671
Tax you pay
Total tax paid
₦459,880
Did you know your employer also pays tax on your salary? It costs the employer ₦130,208 to pay you ₦1,085,068. In other words, every time you spend ₦10 of your hard-earned money, ₦4.24 goes to the government.
Real tax rate
37.8%
So, with you and the employer both paying tax, what used to be a 30.4% tax rate now rises to 37.8%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make ₦13,020,816 a year living in Nigeria, you will be taxed ₦3,956,057. That means that your net pay will be ₦9,064,759 per year, or ₦755,397 per month. Your average tax rate is 30.4% 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.
North America
Country
Net pay
Average tax
Rank
USA
NGN 11875155
8.8%
1
Canada
NGN 10082813
22.6%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 12072012
7.3%
1
Morocco
NGN 10890968
16.4%
2
Mozambique
NGN 10273745
21.1%
3
Ivory Coast
NGN 10154953
22.0%
4
Cameroon
NGN 10147224
22.1%
5
Kenya
NGN 9984355
23.3%
6
Angola
NGN 9733854
25.2%
7
Ghana
NGN 9668342
25.8%
8
Nigeria
NGN 9064759
30.4%
9
Uganda
NGN 8955552
31.2%
10
Senegal
NGN 8904845
31.6%
11
Zambia
NGN 8749184
32.8%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
NGN 12369777
5.0%
1
Qatar
NGN 12369777
5.0%
2
Bahrain
NGN 11979136
8.0%
3
Oman
NGN 11979132
8.0%
4
Saudi Arabia
NGN 11718735
10.0%
5
Kuwait
NGN 11588510
11.0%
6
Israel
NGN 11308577
13.2%
7
Egypt
NGN 10199457
21.7%
8
Lebanon
NGN 10082297
22.6%
9
Turkey
NGN 7828994
39.9%
10
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.