Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦40,820
Income Tax
- ₦2,557
National Housing Fund (NHF)
- ₦1,021
Pension contributions
- ₦3,266
Total tax
- ₦6,843
Net pay
* ₦33,977
Marginal tax rate
16.8%
Average tax rate
16.8%
83.2%
Net pay
16.8%
Total tax
Total tax
Net pay
People also ask
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Summary
If you make ₦40,820 a year living in Nigeria, you will be taxed ₦6,843. That means that your net pay will be ₦33,977 per year, or ₦2,831 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.
Tax per income
₦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
₦115,000
₦120,000
₦125,000
₦130,000
₦135,000
₦140,000
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.