Monthly Take-Home
NGNNaN
Monthly Gross
NGN30,00,000
Pension (8%)
NGN2,40,000
NHF (2.5% of basic)
NGNNaN
PAYE Tax
NGN4,97,067
Total Deduction Rate
NaN%
Nigeria Take-Home Salary Calculator — Annual Gross Salary (₦) ₹3,60,00,000
With annual gross salary (₦) of ₹3,60,00,000, the monthly take-home is NGN22,12,683.
Total annual gross including basic, housing, and transport allowances
Typically 60-70% of gross. Pension and NHF use basic + housing + transport only.
Monthly Gross
NGN3,00,000
Pension (8%)
NGN24,000
NHF (2.5% of basic)
NGN5,025
PAYE Tax
NGN32,527
Monthly Take-Home
NGN2,38,448
Total Deduction Rate
20.5%
Approximate calculation. Actual pension base is Basic + Housing + Transport only. NHF uses basic salary only. PAYE employer remits to state IRS. Consult your HR payslip for exact deductions.
What is the Nigeria Take-Home Salary Calculator?
Nigerian employees typically have three mandatory deductions from gross salary: PAYE tax (progressive 7-24%), pension contribution (8% of emoluments), and NHF (2.5% of basic salary). Combined, these typically reduce a ₦300,000/month gross to approximately ₦248,000 net — a total deduction rate of about 17%.
Formula
Take-Home = Gross Monthly − PAYE − Pension (8%) − NHF (2.5% of basic).- G
- = Monthly gross salary
- T_PAYE
- = Monthly PAYE tax
- B
- = Monthly basic salary
How to use the Nigeria Take-Home Salary Calculator
- 1
Step 1
Enter annual gross salary.
- 2
Step 2
Adjust basic salary percentage if known.
- 3
Step 3
View all deductions and monthly take-home.
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Frequently asked questions
What percentage of salary is taken in taxes in Nigeria?
For a ₦300,000/month salary, effective deduction rate is approximately 17%: PAYE ~9.3%, pension 8%, NHF 0.8%. Nigeria's overall effective tax on employment income is relatively low compared to OECD countries.
Are allowances subject to PAYE in Nigeria?
Yes. All monetary benefits from employment are subject to PAYE — including basic salary, housing, transport, utilities, medical, and other allowances. Non-monetary benefits (company car for official use only) may be excluded.
What is the minimum wage in Nigeria in 2024?
The national minimum wage was increased to ₦70,000/month in July 2024 (from ₦30,000 previously). At this level, PAYE = 0 (below the taxable threshold after CRA). Pension and NHF still apply.
Sources
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