Income tax calculator Nigeria
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦28,600
Income Tax
- ₦2,430
National Housing Fund (NHF)
- ₦715
Pension contributions
- ₦2,288
Total tax
- ₦5,433
Net pay
*
₦23,167
Marginal tax rate
22.3%
Average tax rate
19.0%
81.0%
Net pay
19.0%
Total tax
Total tax
Net pay
The Taxberg
₦23,167
Net pay
₦3,432
Tax the employer pays
₦5,433
Tax you pay
Total tax paid
₦8,865
Did you know your employer also pays tax on your salary? It costs the employer ₦3,432 to pay you ₦28,600. In other words, every time you spend ₦10 of your hard-earned money, ₦3.10 goes to the government.
Real tax rate
27.7%
So, with you and the employer both paying tax, what used to be a 19% tax rate now rises to 27.7%, meaning your real tax rate is actually 8.7% higher than what it seemed at first.
Summary
If you make ₦686,400 a year living in Nigeria, you will be taxed ₦130,391. That means that your net pay will be ₦556,009 per year, or ₦46,334 per month. Your average tax rate is 19.0% and your marginal tax rate is 22.3%. 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 ₦22.33, hence, your net pay will only increase by ₦77.67.
Bonus Example
A ₦1,000 bonus will generate an extra ₦777 of net incomes. A ₦5,000 bonus will generate an extra ₦3,884 of net incomes.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NGN 686402
0.0%
1
Germany
NGN 686398
0.0%
2
Austria
NGN 686398
0.0%
3
Ireland
NGN 686398
0.0%
4
Sweden
NGN 686399
0.0%
5
Norway
NGN 686400
0.0%
6
Spain
NGN 642821
6.4%
7
Italy
NGN 623323
9.2%
8
France
NGN 619812
9.7%
9
Czech Republic
NGN 610896
11.0%
10
Luxembourg
NGN 610544
11.1%
11
Russia
NGN 597168
13.0%
12
Switzerland
NGN 594282
13.4%
13
Hungary
NGN 559416
18.5%
14
Ukraine
NGN 552552
19.5%
15
Poland
NGN 538987
21.5%
16
Greece
NGN 536418
21.9%
17
Portugal
NGN 511020
25.6%
18
Finland
NGN 475339
30.8%
19
Belgium
NGN 466748
32.0%
20
Netherlands
NGN 430781
37.2%
21
Romania
NGN 401545
41.5%
22
Denmark
NGN 337275
50.9%
23
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Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NGN 686396
0.0%
1
Singapore
NGN 686397
0.0%
2
Hong Kong
NGN 686399
0.0%
3
Pakistan
NGN 668314
2.6%
4
Thailand
NGN 652080
5.0%
5
Indonesia
NGN 625997
8.8%
6
Taiwan
NGN 625647
8.9%
7
South Korea
NGN 613033
10.7%
8
New Zealand
NGN 604789
11.9%
9
India
NGN 604032
12.0%
10
Malaysia
NGN 601902
12.3%
11
Philippines
NGN 598914
12.8%
12
China
NGN 595899
13.2%
13
Vietnam
NGN 583612
15.0%
14
Japan
NGN 557759
18.7%
15
Kazakhstan
NGN 543629
20.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NGN 670098
2.4%
1
Brazil
NGN 634920
7.5%
2
Puerto Rico
NGN 631838
8.0%
3
Colombia
NGN 631488
8.0%
4
Ecuador
NGN 621539
9.5%
5
Guatemala
NGN 620584
9.6%
6
Costa Rica
NGN 614328
10.5%
7
Panama
NGN 610899
11.0%
8
Peru
NGN 600599
12.5%
9
Argentina
NGN 569712
17.0%
10
Chile
NGN 565594
17.6%
11
Uruguay
NGN 562161
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NGN 679536
1.0%
1
Uganda
NGN 650674
5.2%
2
Zambia
NGN 645216
6.0%
3
Morocco
NGN 640137
6.7%
4
Ivory Coast
NGN 634920
7.5%
5
Ghana
NGN 626619
8.7%
6
Senegal
NGN 624919
9.0%
7
Kenya
NGN 606069
11.7%
8
Mozambique
NGN 583088
15.1%
9
Cameroon
NGN 579129
15.6%
10
Nigeria
NGN 556009
19.0%
11
Angola
NGN 553499
19.4%
12
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Middle East
Country
Net pay
Average tax
Rank
Saudi Arabia
NGN 686402
0.0%
1
United Arab Emirates
NGN 652081
5.0%
2
Qatar
NGN 652079
5.0%
3
Bahrain
NGN 631486
8.0%
4
Oman
NGN 631494
8.0%
5
Egypt
NGN 622047
9.4%
6
Lebanon
NGN 614694
10.5%
7
Kuwait
NGN 610892
11.0%
8
Israel
NGN 596140
13.2%
9
Turkey
NGN 578230
15.8%
10
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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.