Total tax paid
₦4,672
Did you know your employer also pays tax on your salary? It costs the employer ₦1,898 to pay you ₦15,817. In other words, every time you spend ₦10 of your hard-earned money, ₦2.95 goes to the government.
Real tax rate
26.4%
So, with you and the employer both paying tax, what used to be a 17.5% tax rate now rises to 26.4%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.