Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦12,480
Income Tax
- ₦782
National Housing Fund (NHF)
- ₦312
Pension contributions
- ₦998
Total tax
- ₦2,092
Net pay
* ₦10,388
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
The Taxberg
₦10,388
Net pay
₦1,498
Tax the employer pays
₦2,092
Tax you pay
Total tax paid
₦3,590
Did you know your employer also pays tax on your salary? It costs the employer ₦1,498 to pay you ₦12,480. In other words, every time you spend ₦10 of your hard-earned money, ₦2.88 goes to the government.
Real tax rate
25.7%
So, with you and the employer both paying tax, what used to be a 16.8% tax rate now rises to 25.7%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.
People also ask
₦12,480 yearly is how much per hour?
₦6 hourly is how much per year?
Summary
If you make ₦12,480 a year living in Nigeria, you will be taxed ₦2,092. That means that your net pay will be ₦10,388 per year, or ₦866 per month. Your average tax rate is 16.8% and your marginal tax rate is 16.8%. 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 ₦16.77, hence, your net pay will only increase by ₦83.23.
Bonus Example
A ₦1,000 bonus will generate an extra ₦832 of net incomes. A ₦5,000 bonus will generate an extra ₦4,162 of net incomes.
Compare average tax
Tax per income
₦15,000
₦20,000
₦25,000
₦30,000
₦35,000
₦40,000
₦45,000
₦50,000
₦55,000
₦60,000
₦65,000
₦70,000
₦75,000
₦80,000
₦85,000
₦90,000
₦95,000
₦100,000
₦105,000
₦110,000
North America
Country 
Net pay
Average tax
Rank
Canada
NGN 12279
1.6%
1
USA
NGN 11389
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
NGN 12479
0.0%
1
Singapore
NGN 12483
0.0%
2
Hong Kong
NGN 12480
0.0%
3
Thailand
NGN 11856
5.0%
4
Malaysia
NGN 11799
5.5%
5
Indonesia
NGN 11382
8.8%
6
Taiwan
NGN 11375
8.9%
7
South Korea
NGN 11146
10.7%
8
New Zealand
NGN 10991
11.9%
9
India
NGN 10987
12.0%
10
China
NGN 10834
13.2%
11
Vietnam
NGN 10611
15.0%
12
Japan
NGN 10141
18.7%
13
Kazakhstan
NGN 9884
20.8%
14
Philippines
NGN 5110
59.1%
15
Pakistan
NGN 12480
144.9%
16
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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.