Personal Income Tax Calculator
This personal income tax calculator simulates the tax rates you'd be subject to under our proposed Nigeria Tax bill, as well as the current tax rates as stipulated by law, allowing you to compare and understand the potential impact on your income.
Note: Your actual tax payable may be less subject to tax deductible contributions such as pension and National Housing Fund.
PAYE Tax Calculator
Old Law vs New Law Comparison
Basic Information
Additional Deductions (Optional)
⚠️ National Minimum Wage Earners (₦840,000 annual income or less) are
EXEMPT from PAYE tax
PAYE Calculation - New Law
| Income Breakdown | |
|---|---|
| Gross Annual Income | |
| NHF Contribution | |
| NHIS Contribution | |
| Pension Contribution | |
| Interest on Loan (Owner Occupied House) | |
| Life Insurance Premium | |
| Rent Relief | |
| Taxable Income | |
| Tax Brackets | Taxable Income | Tax Due |
|---|---|---|
| First ₦800,000 @ 0% | ||
| Next ₦2,200,000 @ 15% | ||
| Next ₦9,000,000 @ 18% | ||
| Next ₦13,000,000 @ 21% | ||
| Next ₦25,000,000 @ 23% | ||
| Above ₦50,000,000 @ 25% | ||
| Total |
| Summary - New Law | |
|---|---|
| Monthly Salary | |
| Monthly PAYE Tax | |
| Effective Tax Rate | |
PAYE Calculation - Old Law
| Income Breakdown | |
|---|---|
| Gross Annual Income | |
| Personal Relief | |
| Consolidated Relief Allowance | |
| NHF Contribution | (0) |
| NHIS Contribution | (0) |
| Pension Contribution | (0) |
| Interest on Loan (Owner Occupied House) | (0) |
| Life Insurance Premium | (0) |
| Taxable Income | |
| Tax Brackets | Taxable Income | Tax Due |
|---|---|---|
| First ₦300,000 @ 7% | ||
| Next ₦300,000 @ 11% | ||
| Next ₦500,000 @ 15% | ||
| Next ₦500,000 @ 19% | ||
| Next ₦1,600,000 @ 21% | ||
| Above ₦3,200,000 @ 24% | ||
| Total |
| Summary - Old Law | |
|---|---|
| Monthly Salary | |
| Monthly PAYE Tax | |
| Effective Tax Rate | |
Tax Comparison
| Metric | Old Law | New Law | Difference |
|---|---|---|---|
| Annual Tax | |||
| Monthly Tax | |||
| Effective Tax Rate | |||
| Net After-Tax Pay (Monthly) |