Total tax paid
₦11,884
Did you know your employer also pays tax on your salary? It costs the employer ₦4,471 to pay you ₦37,256. In other words, every time you spend ₦10 of your hard-earned money, ₦3.19 goes to the government.
Real tax rate
28.5%
So, with you and the employer both paying tax, what used to be a 19.9% tax rate now rises to 28.5%, meaning your real tax rate is actually 8.6% higher than what it seemed at first.