Total tax paid
₦27,761
Did you know your employer also pays tax on your salary? It costs the employer ₦10,275 to pay you ₦85,626. In other words, every time you spend ₦10 of your hard-earned money, ₦3.24 goes to the government.
Real tax rate
28.9%
So, with you and the employer both paying tax, what used to be a 20.4% tax rate now rises to 28.9%, meaning your real tax rate is actually 8.5% higher than what it seemed at first.