Total tax paid
₦45,660
Did you know your employer also pays tax on your salary? It costs the employer ₦14,625 to pay you ₦121,872. In other words, every time you spend ₦10 of your hard-earned money, ₦3.75 goes to the government.
Real tax rate
33.5%
So, with you and the employer both paying tax, what used to be a 25.5% tax rate now rises to 33.5%, meaning your real tax rate is actually 8% higher than what it seemed at first.