Summary
If you make ₦1,694,742 a year living in Nigeria, you will be taxed ₦386,564. That means that your net pay will be ₦1,308,178 per year, or ₦109,015 per month. Your average tax rate is 22.8% and your marginal tax rate is 28.4%. 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 ₦28.36, hence, your net pay will only increase by ₦71.64.
Bonus Example
A ₦1,000 bonus will generate an extra ₦716 of net incomes. A ₦5,000 bonus will generate an extra ₦3,582 of net incomes.