Total tax paid
₦19,880
Did you know your employer also pays tax on your salary? It costs the employer ₦7,615 to pay you ₦63,462. In other words, every time you spend ₦10 of your hard-earned money, ₦3.13 goes to the government.
Real tax rate
28.0%
So, with you and the employer both paying tax, what used to be a 19.3% tax rate now rises to 28.0%, meaning your real tax rate is actually 8.7% higher than what it seemed at first.