The Nigeria Annual Income Tax Calculator is updated to reflect the latest tax information from the South African Revenue Service (SARS), Nigeria's nation's tax collecting authority.
The Nigeria Annual Income Tax Calculator is designed to provide you with a salary illustration with calculations to show how much income tax you will pay in 2021/22 and your net pay (the amount of money you take home after deductions). The calculator will produce a full income tax calculation simply by entering your Annual income, alternatively you can select the advanced calculator and change the calculator options and enter additional income, dividends and deductible expenses.
Nigeria uses a Pay As You Earn (PAYE) deduction model, similar to that used in the United Kingdom, whereby tax is deducted at source via employers and paid directly to SARS on behalf of the employee. This means that tax affairs for most are fairly simple. This Annual Nigeria PAYE Calculator allows you to compare salaries, deductions and annual earnings and is useful for employers who want to calculate the total cost of an employee.