Total tax paid
₦10,366
Did you know your employer also pays tax on your salary? It costs the employer ₦3,957 to pay you ₦32,972. In other words, every time you spend ₦10 of your hard-earned money, ₦3.14 goes to the government.
Real tax rate
28.1%
So, with you and the employer both paying tax, what used to be a 19.4% tax rate now rises to 28.1%, meaning your real tax rate is actually 8.7% higher than what it seemed at first.