Income tax calculator Nigeria

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦949,520
Income Tax
- ₦91,473
National Housing Fund (NHF)
- ₦23,738
Pension contributions
- ₦75,962
Total tax
- ₦191,173
Net pay
* ₦758,347
Marginal tax rate
23.9%
Average tax rate
20.1%
79.9%
Net pay
20.1%
Total tax
Total tax
Net pay
The Taxberg
₦758,347
Net pay
₦113,942
Tax the employer pays
₦191,173
Tax you pay
Total tax paid
₦305,115
Did you know your employer also pays tax on your salary? It costs the employer ₦113,942 to pay you ₦949,520. In other words, every time you spend ₦10 of your hard-earned money, ₦3.21 goes to the government.
Real tax rate
28.7%
So, with you and the employer both paying tax, what used to be a 20.1% tax rate now rises to 28.7%, meaning your real tax rate is actually 8.6% higher than what it seemed at first.
People also ask
₦949,520 yearly is how much per hour?
₦457 hourly is how much per year?
Summary
If you make ₦949,520 a year living in Nigeria, you will be taxed ₦191,173. That means that your net pay will be ₦758,347 per year, or ₦63,196 per month. Your average tax rate is 20.1% and your marginal tax rate is 23.9%. 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 ₦23.93, hence, your net pay will only increase by ₦76.07.
Bonus Example
A ₦1,000 bonus will generate an extra ₦761 of net incomes. A ₦5,000 bonus will generate an extra ₦3,804 of net incomes.
Tax per income
₦945,000
₦950,000
₦955,000
₦960,000
₦965,000
₦970,000
₦975,000
₦980,000
₦985,000
₦990,000
₦995,000
₦1,000,000
₦1,005,000
₦1,010,000
₦1,015,000
₦1,020,000
₦1,025,000
₦1,030,000
₦1,035,000
₦1,040,000
North America
Country 
Net pay
Average tax
Rank
Canada
NGN 934520
1.6%
1
USA
NGN 867286
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
NGN 949521
0.0%
1
Singapore
NGN 949515
0.0%
2
Hong Kong
NGN 949520
0.0%
3
Pakistan
NGN 931434
1.9%
4
Thailand
NGN 902044
5.0%
5
Indonesia
NGN 865962
8.8%
6
Taiwan
NGN 865478
8.9%
7
South Korea
NGN 848029
10.7%
8
Philippines
NGN 845882
10.9%
9
New Zealand
NGN 836623
11.9%
10
India
NGN 835578
12.0%
11
Malaysia
NGN 829166
12.7%
12
China
NGN 824326
13.2%
13
Vietnam
NGN 807329
15.0%
14
Japan
NGN 771567
18.7%
15
Kazakhstan
NGN 752020
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
NGN 926969
2.4%
1
Brazil
NGN 878305
7.5%
2
Puerto Rico
NGN 874029
8.0%
3
Colombia
NGN 873558
8.0%
4
Ecuador
NGN 859788
9.5%
5
Guatemala
NGN 858476
9.6%
6
Costa Rica
NGN 849820
10.5%
7
Panama
NGN 845067
11.0%
8
Peru
NGN 830829
12.5%
9
Argentina
NGN 788102
17.0%
10
Chile
NGN 782404
17.6%
11
Uruguay
NGN 777657
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
NGN 940025
1.0%
1
Uganda
NGN 898817
5.3%
2
Zambia
NGN 892549
6.0%
3
Morocco
NGN 885522
6.7%
4
Ivory Coast
NGN 878306
7.5%
5
Senegal
NGN 865411
8.9%
6
Ghana
NGN 847693
10.7%
7
Kenya
NGN 837971
11.8%
8
Mozambique
NGN 811355
14.6%
9
Cameroon
NGN 801129
15.6%
10
Angola
NGN 759792
20.0%
11
Nigeria
NGN 758347
20.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
NGN 949519
0.0%
1
United Arab Emirates
NGN 902044
5.0%
2
Qatar
NGN 902046
5.0%
3
Bahrain
NGN 873560
8.0%
4
Oman
NGN 873549
8.0%
5
Lebanon
NGN 846240
10.9%
6
Kuwait
NGN 845066
11.0%
7
Egypt
NGN 834963
12.1%
8
Israel
NGN 824660
13.2%
9
Turkey
NGN 799885
15.8%
10
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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.