Summary
If you make ₦1,386,012 a year living in Nigeria, you will be taxed ₦301,223. That means that your net pay will be ₦1,084,789 per year, or ₦90,399 per month. Your average tax rate is 21.7% and your marginal tax rate is 27.5%. 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 ₦27.51, hence, your net pay will only increase by ₦72.49.
Bonus Example
A ₦1,000 bonus will generate an extra ₦725 of net incomes. A ₦5,000 bonus will generate an extra ₦3,625 of net incomes.