Gravy’s Nigerian Tax Calculator
🇳🇬 Nigerian Tax Calculator
Calculate your salary tax and company income tax accurately
First ₦800,000 is tax-free annually. After deductions, 20% of annual rent is used as relief. Remaining balance is taxed at 25%.
Annual Breakdown
Annual Salary (Monthly × 12)
₦0.00
Tax-Free Allowance
₦800,000.00
Balance After Tax-Free
₦0.00
Annual Rent Paid
₦0.00
Rent Relief (20% of Annual Rent)
₦0.00
Pension (8%)
₦0.00
NHF (2.5%)
₦0.00
NHIS (5%)
₦0.00
Taxable Income
₦0.00
Annual Income Tax (25%)
₦0.00
Monthly Income Tax
₦0.00
Net Annual Salary
₦0.00
Net Monthly Salary
₦0.00
Companies with turnover below ₦50M pay 0% CIT. Above ₦50M: the first ₦50M is deducted, then the remaining amount is taxed at 30% CIT + 4% Development Levy.
Company Tax Breakdown
Total Annual Revenue
₦0.00
Value of Fixed Assets
₦0.00
Allowable Expenses
₦0.00
Tax-Free Threshold
₦50,000,000.00
Revenue Above Threshold
₦0.00
Taxable Amount
₦0.00
CIT Rate
0%
Company Income Tax (30%)
₦0.00
Development Levy (4%)
₦0.00
Total Tax Payable
₦0.00
Important Disclaimer: This tax calculator is provided for educational and illustrative purposes only. It offers a simplified estimate of potential tax deductions, reliefs, and contributions (e.g., pension, NHIS, NHF) based on the Nigeria Tax Act 2025 and general guidelines. Results may vary due to individual circumstances, such as additional exemptions, irregular income, regional variations, or future law amendments. It is not a substitute for professional tax advice. Gravy Stream Ltd. is not liable for any inaccuracies or decisions made based on these calculations. Always consult a qualified tax advisor or the Federal Inland Revenue Service (FIRS) for personalized guidance.