nigerian tax

 Our effort here is to give you a table with which to read off the tax you are

expected to pay per month based on your monthly gross taxable income.

 

The following are the exceptions you need to note in using this table:

1.  Exclude items that are not taxable

2.  We have excluded from our calculations  the Tax EXEMPTS – Pension, NHF, Life assurance, etc

3. Use your monthly pay figures

4. In arriving at the tax payable we have applied the two statutory RELIEF

5. We also use the Tax table

6. Not to make the table too long, we started from a Gross Pay of N45,000.00 and a range of N5000

Now let me give you a simple example to illustrate how to use the Nigerian Tax Calculation table.

**** Say Mr Okoro Mohammed Oluwole earned a gross salary  for the month of February 2012: N120,000.00.

Lets say he also:

a) Paid  N15,000.00 for Pension

b) N15,000.00 was official journey taxi expenses refund to him through payroll

c) Life Assurance  premium paid by Mr Oluwole for the month of Feb 2012 N10,000

 

Now calculate whats taxable:

GrossPay   =         N120,000.00

Less:

Pension                 N15,000.00

Expenses              N15,000.00

Life Assurance    N10,000.00

Taxable Pay         N80,000.00

The tax payable on N80,000.00 taxable pay is N4, 206.67

If you dont have any of the EXEMPTIONS to claim, then your tax will be based on N120,000.00 which then amounts to N8,900.00

You can confirm these figures by looking at the table below

 

NIGERIAN PAYE TAX CALCULATION TABLE
Gross Pay For the Month
Annual Gross Taxable Income
Tax Payable (Monthly)
Tax as a % of GrossPay
                                    45,000.00
                                                     540,000.00
                                            1,353.33
3.01%
                                    50,000.00
                                                     600,000.00
                                            1,633.33
3.27%
                                    55,000.00
                                                     660,000.00
                                            2,006.67
3.65%
                                    60,000.00
                                                     720,000.00
                                            2,446.67
4.08%
                                    65,000.00
                                                     780,000.00
                                            2,886.67
4.44%
                                    70,000.00
                                                     840,000.00
                                            3,326.67
4.75%
                                    75,000.00
                                                     900,000.00
                                            3,766.67
5.02%
                                    80,000.00
                                                     960,000.00
                                            4,206.67
5.26%
                                    85,000.00
                                                 1,020,000.00
                                            4,700.00
5.53%
                                    90,000.00
                                                 1,080,000.00
                                            5,300.00
5.89%
                                    95,000.00
                                                 1,140,000.00
                                            5,900.00
6.21%
                                 100,000.00
                                                 1,200,000.00
                                            6,500.00
6.50%
                                 105,000.00
                                                 1,260,000.00
                                            7,100.00
6.76%
                                 110,000.00
                                                 1,320,000.00
                                            7,700.00
7.00%
                                 115,000.00
                                                 1,380,000.00
                                            8,300.00
7.22%
                                 120,000.00
                                                 1,440,000.00
                                            8,900.00
7.42%
                                 125,000.00
                                                 1,500,000.00
                                            9,500.00
7.60%
                                 130,000.00
                                                 1,560,000.00
                                         10,100.00
7.77%
                                 135,000.00
                                                 1,620,000.00
                                         10,700.00
7.93%
                                 140,000.00
                                                 1,680,000.00
                                         11,446.67
8.18%
                                 145,000.00
                                                 1,740,000.00
                                         12,206.67
8.42%
                                 150,000.00
                                                 1,800,000.00
                                         12,966.67
8.64%
                                 155,000.00
                                                 1,860,000.00
                                         13,726.67
8.86%
                                 160,000.00
                                                 1,920,000.00
                                         14,486.67
9.05%
                                 165,000.00
                                                 1,980,000.00
                                         15,246.67
9.24%
                                 170,000.00
                                                 2,040,000.00
                                         16,006.67
9.42%
                                 175,000.00
                                                 2,100,000.00
                                         16,766.67
9.58%
                                 180,000.00
                                                 2,160,000.00
                                         17,526.67
9.74%
                                 185,000.00
                                                 2,220,000.00
                                         18,286.67
9.88%
                                 190,000.00
                                                 2,280,000.00
                                         19,086.67
10.05%
                                 195,000.00
                                                 2,340,000.00
                                         19,926.67
10.22%
                                 200,000.00
                                                 2,400,000.00
                                         20,766.67
10.38%
                                 205,000.00
                                                 2,460,000.00
                                         21,606.67
10.54%
                                 210,000.00
                                                 2,520,000.00
                                         22,446.67
10.69%
                                 215,000.00
                                                 2,580,000.00
                                         23,286.67
10.83%
                                 220,000.00
                                                 2,640,000.00
                                         24,126.67
10.97%
                                 225,000.00
                                                 2,700,000.00
                                         24,966.67
11.10%
                                 230,000.00
                                                 2,760,000.00
                                         25,806.67
11.22%
                                 235,000.00
                                                 2,820,000.00
                                         26,646.67
11.34%
                                 240,000.00
                                                 2,880,000.00
                                         27,486.67
11.45%
                                 245,000.00
                                                 2,940,000.00
                                         28,326.67
11.56%
                                 250,000.00
                                                 3,000,000.00
                                         29,166.67
11.67%
                                 255,000.00
                                                 3,060,000.00
                                         30,006.67
11.77%
                                 260,000.00
                                                 3,120,000.00
                                         30,846.67
11.86%
                                 265,000.00
                                                 3,180,000.00
                                         31,686.67
11.96%
                                 270,000.00
                                                 3,240,000.00
                                         32,526.67
12.05%
                                 275,000.00
                                                 3,300,000.00
                                         33,366.67
12.13%
                                 280,000.00
                                                 3,360,000.00
                                         34,206.67
12.22%
                                 285,000.00
                                                 3,420,000.00
                                         35,046.67
12.30%
                                 290,000.00
                                                 3,480,000.00
                                         35,886.67
12.37%
                                 295,000.00
                                                 3,540,000.00
                                         36,726.67
12.45%
                                 300,000.00
                                                 3,600,000.00
                                         37,566.67
12.52%
                                 305,000.00
                                                 3,660,000.00
                                         38,406.67
12.59%
                                 310,000.00
                                                 3,720,000.00
                                         39,246.67
12.66%
                                 315,000.00
                                                 3,780,000.00
                                         40,086.67
12.73%
                                 320,000.00
                                                 3,840,000.00
                                         40,926.67
12.79%
                                 325,000.00
                                                 3,900,000.00
                                         41,766.67
12.85%
                                 330,000.00
                                                 3,960,000.00
                                         42,606.67
12.91%
                                 335,000.00
                                                 4,020,000.00
                                         43,446.67
12.97%
                                 340,000.00
                                                 4,080,000.00
                                         44,286.67
13.03%
                                 345,000.00
                                                 4,140,000.00
                                         45,126.67
13.08%
                                 350,000.00
                                                 4,200,000.00
                                         45,966.67
13.13%
                                 355,000.00
                                                 4,260,000.00
                                         46,826.67
13.19%
                                 360,000.00
                                                 4,320,000.00
                                         47,786.67
13.27%
                                 365,000.00
                                                 4,380,000.00
                                         48,746.67
13.36%
                                 370,000.00
                                                 4,440,000.00
                                         49,706.67
13.43%
                                 375,000.00
                                                 4,500,000.00
                                         50,666.67
13.51%
                                 380,000.00
                                                 4,560,000.00
                                         51,626.67
13.59%
                                 385,000.00
                                                 4,620,000.00
                                         52,586.67
13.66%
                                 390,000.00
                                                 4,680,000.00
                                         53,546.67
13.73%
                                 395,000.00
                                                 4,740,000.00
                                         54,506.67
13.80%
                                 400,000.00
                                                 4,800,000.00
                                         55,466.67
13.87%
                                 405,000.00
                                                 4,860,000.00
                                         56,426.67
13.93%
                                 410,000.00
                                                 4,920,000.00
                                         57,386.67
14.00%
                                 415,000.00
                                                 4,980,000.00
                                         58,346.67
14.06%
                                 420,000.00
                                                 5,040,000.00
                                         59,306.67
14.12%
                                 425,000.00
                                                 5,100,000.00
                                         60,266.67
14.18%
                                 430,000.00
                                                 5,160,000.00
                                         61,226.67
14.24%
                                 435,000.00
                                                 5,220,000.00
                                         62,186.67
14.30%
                                 440,000.00
                                                 5,280,000.00
                                         63,146.67
14.35%
                                 445,000.00
                                                 5,340,000.00
                                         64,106.67
14.41%
                                 450,000.00
                                                 5,400,000.00
                                         65,066.67
14.46%
                                 455,000.00
                                                 5,460,000.00
                                         66,026.67
14.51%
                                 460,000.00
                                                 5,520,000.00
                                         66,986.67
14.56%
                                 465,000.00
                                                 5,580,000.00
                                         67,946.67
14.61%
                                 470,000.00
                                                 5,640,000.00
                                         68,906.67
14.66%
                                 475,000.00
                                                 5,700,000.00
                                         69,866.67
14.71%
                                 480,000.00
                                                 5,760,000.00
                                         70,826.67
14.76%
                                 485,000.00
                                                 5,820,000.00
                                         71,786.67
14.80%
                                 490,000.00
                                                 5,880,000.00
                                         72,746.67
14.85%
                                 495,000.00
                                                 5,940,000.00
                                         73,706.67
14.89%
                                 500,000.00
                                                 6,000,000.00
                                         74,666.67
14.93%
                                 505,000.00
                                                 6,060,000.00
                                         75,626.67
14.98%
                                 510,000.00
                                                 6,120,000.00
                                         76,586.67
15.02%
                                 515,000.00
                                                 6,180,000.00
                                         77,546.67
15.06%
                                 520,000.00
                                                 6,240,000.00
                                         78,506.67
15.10%
                                 525,000.00
                                                 6,300,000.00
                                         79,466.67
15.14%
                                 530,000.00
                                                 6,360,000.00
                                         80,426.67
15.17%
                                 535,000.00
                                                 6,420,000.00
                                         81,386.67
15.21%
                                 540,000.00
                                                 6,480,000.00
                                         82,346.67
15.25%
                                 545,000.00
                                                 6,540,000.00
                                         83,306.67
15.29%
                                 550,000.00
                                                 6,600,000.00
                                         84,266.67
15.32%
                                 555,000.00
                                                 6,660,000.00
                                         85,226.67
15.36%
                                 560,000.00
                                                 6,720,000.00
                                         86,186.67
15.39%
                                 565,000.00
                                                 6,780,000.00
                                         87,146.67
15.42%
                                 570,000.00
                                                 6,840,000.00
                                         88,106.67
15.46%
                                 575,000.00
                                                 6,900,000.00
                                         89,066.67
15.49%
                                 580,000.00
                                                 6,960,000.00
                                         90,026.67
15.52%
                                 585,000.00
                                                 7,020,000.00
                                         90,986.67
15.55%
                                 590,000.00
                                                 7,080,000.00
                                         91,946.67
15.58%
                                 595,000.00
                                                 7,140,000.00
                                         92,906.67
15.61%
                                 600,000.00
                                                 7,200,000.00
                                         93,866.67
15.64%
                                 605,000.00
                                                 7,260,000.00
                                         94,826.67
15.67%
                                 610,000.00
                                                 7,320,000.00
                                         95,786.67
15.70%
                                 615,000.00
                                                 7,380,000.00
                                         96,746.67
15.73%
                                 620,000.00
                                                 7,440,000.00
                                         97,706.67
15.76%
                                 625,000.00
                                                 7,500,000.00
                                         98,666.67
15.79%
                                 630,000.00
                                                 7,560,000.00
                                         99,626.67
15.81%
                                 635,000.00
                                                 7,620,000.00
                                       100,586.67
15.84%
                                 640,000.00
                                                 7,680,000.00
                                       101,546.67
15.87%
                                 645,000.00
                                                 7,740,000.00
                                       102,506.67
15.89%
                                 650,000.00
                                                 7,800,000.00
                                       103,466.67
15.92%
                                 655,000.00
                                                 7,860,000.00
                                       104,426.67
15.94%
                                 660,000.00
                                                 7,920,000.00
                                       105,386.67
15.97%
                                 665,000.00
                                                 7,980,000.00
                                       106,346.67
15.99%
                                 670,000.00
                                                 8,040,000.00
                                       107,306.67
16.02%
                                 675,000.00
                                                 8,100,000.00
                                       108,266.67
16.04%
                                 680,000.00
                                                 8,160,000.00
                                       109,226.67
16.06%
                                 685,000.00
                                                 8,220,000.00
                                       110,186.67
16.09%
                                 690,000.00
                                                 8,280,000.00
                                       111,146.67
16.11%
                                 695,000.00
                                                 8,340,000.00
                                       112,106.67
16.13%
                                 700,000.00
                                                 8,400,000.00
                                       113,066.67
16.15%
                                 705,000.00
                                                 8,460,000.00
                                       114,026.67
16.17%
                                 710,000.00
                                                 8,520,000.00
                                       114,986.67
16.20%
                                 715,000.00
                                                 8,580,000.00
                                       115,946.67
16.22%
                                 720,000.00
                                                 8,640,000.00
                                       116,906.67
16.24%
                                 725,000.00
                                                 8,700,000.00
                                       117,866.67
16.26%
                                 730,000.00
                                                 8,760,000.00
                                       118,826.67
16.28%
                                 735,000.00
                                                 8,820,000.00
                                       119,786.67
16.30%
                                 740,000.00
                                                 8,880,000.00
                                       120,746.67
16.32%
                                 745,000.00
                                                 8,940,000.00
                                       121,706.67
16.34%
                                 750,000.00
                                                 9,000,000.00
                                       122,666.67
16.36%
                                 755,000.00
                                                 9,060,000.00
                                       123,626.67
16.37%
                                 760,000.00
                                                 9,120,000.00
                                       124,586.67
16.39%
                                 765,000.00
                                                 9,180,000.00
                                       125,546.67
16.41%
                                 770,000.00
                                                 9,240,000.00
                                       126,506.67
16.43%
                                 775,000.00
                                                 9,300,000.00
                                       127,466.67
16.45%
                                 780,000.00
                                                 9,360,000.00
                                       128,426.67
16.46%
                                 785,000.00
                                                 9,420,000.00
                                       129,386.67
16.48%
                                 790,000.00
                                                 9,480,000.00
                                       130,346.67
16.50%
                                 795,000.00
                                                 9,540,000.00
                                       131,306.67
16.52%
                                 800,000.00
                                                 9,600,000.00
                                       132,266.67
16.53%
                                 805,000.00
                                                 9,660,000.00
                                       133,226.67
16.55%
                                 810,000.00
                                                 9,720,000.00
                                       134,186.67
16.57%
                                 815,000.00
                                                 9,780,000.00
                                       135,146.67
16.58%
                                 820,000.00
                                                 9,840,000.00
                                       136,106.67
16.60%
                                 825,000.00
                                                 9,900,000.00
                                       137,066.67
16.61%
                                 830,000.00
                                                 9,960,000.00
                                       138,026.67
16.63%
                                 835,000.00
                                               10,020,000.00
                                       138,986.67
16.65%
                                 840,000.00
                                               10,080,000.00
                                       139,946.67
16.66%
                                 845,000.00
                                               10,140,000.00
                                       140,906.67
16.68%
                                 850,000.00
                                               10,200,000.00
                                       141,866.67
16.69%
                                 855,000.00
                                               10,260,000.00
                                       142,826.67
16.70%
                                 860,000.00
                                               10,320,000.00
                                       143,786.67
16.72%
                                 865,000.00
                                               10,380,000.00
                                       144,746.67
16.73%
                                 870,000.00
                                               10,440,000.00
                                       145,706.67
16.75%
                                 875,000.00
                                               10,500,000.00
                                       146,666.67
16.76%
                                 880,000.00
                                               10,560,000.00
                                       147,626.67
16.78%
                                 885,000.00
                                               10,620,000.00
                                       148,586.67
16.79%
                                 890,000.00
                                               10,680,000.00
                                       149,546.67
16.80%
                                 895,000.00
                                               10,740,000.00
                                       150,506.67
16.82%
                                 900,000.00
                                               10,800,000.00
                                       151,466.67
16.83%
                                 905,000.00
                                               10,860,000.00
                                       152,426.67
16.84%
                                 910,000.00
                                               10,920,000.00
                                       153,386.67
16.86%
                                 915,000.00
                                               10,980,000.00
                                       154,346.67
16.87%
                                 920,000.00
                                               11,040,000.00
                                       155,306.67
16.88%
                                 925,000.00
                                               11,100,000.00
                                       156,266.67
16.89%
                                 930,000.00
                                               11,160,000.00
                                       157,226.67
16.91%
                                 935,000.00
                                               11,220,000.00
                                       158,186.67
16.92%
                                 940,000.00
                                               11,280,000.00
                                       159,146.67
16.93%
                                 945,000.00
                                               11,340,000.00
                                       160,106.67
16.94%
                                 950,000.00
                                               11,400,000.00
                                       161,066.67
16.95%
                                 955,000.00
                                               11,460,000.00
                                       162,026.67
16.97%
                                 960,000.00
                                               11,520,000.00
                                       162,986.67
16.98%
                                 965,000.00
                                               11,580,000.00
                                       163,946.67
16.99%
                                 970,000.00
                                               11,640,000.00
                                       164,906.67
17.00%
                                 975,000.00
                                               11,700,000.00
                                       165,866.67
17.01%
                                 980,000.00
                                               11,760,000.00
                                       166,826.67
17.02%
                                 985,000.00
                                               11,820,000.00
                                       167,786.67
17.03%
                                 990,000.00
                                               11,880,000.00
                                       168,746.67
17.05%
                                 995,000.00
                                               11,940,000.00
                                       169,706.67
17.06%
                              1,000,000.00
                                               12,000,000.00
                                       170,666.67
17.07%
                              1,005,000.00
                                               12,060,000.00
                                       171,626.67
17.08%
                              1,010,000.00
                                               12,120,000.00
                                       172,586.67
17.09%
                              1,015,000.00
                                               12,180,000.00
                                       173,546.67
17.10%
                              1,020,000.00
                                               12,240,000.00
                                       174,506.67
17.11%
                              1,025,000.00
                                               12,300,000.00
                                       175,466.67
17.12%
                              1,030,000.00
                                               12,360,000.00
                                       176,426.67
17.13%

 

Source

 

 

November 21, 2015

Nigerian PAYE Tax Calculation Table

 Our effort here is to give you a table with which to read off the tax you are expected to pay per month based on your […]