NIGERIA
Capital:
FCT - Abuja
Currency:
Naira (NGN - ₦)
Time Zone:
UTC+1
Coat of Arms:
Unity & Faith, Peace & Progress

Nigeria Tax Reform Bill 2025 Calculator

Published: 16-November-2024
SEE ALSO:  Ghana PAYE Calculator  |  Kenya PAYE Calculator  |  Loan Calculator  |  Income Tax Calculator   |  Salary Calculator  
VIDEO:    How to use tax calculator
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Datamass Nigeria Limited
Payslip for MARCH 2025
Felix ADEJIMI
PAY ITEMS ₦ ₦
Basic Salary 100,000.00
Total Pay 100,000.00
Less:
PAYE Tax 2,500.00
Total Deductions                   ( 2,500.00 )
Net Pay 97,500.00
                     
Ninety-Seven Thousand Five Hundred Naira Only [= NGN 97,500.00 ]
Chargeable Income (₦): 83,333.33
Effective Tax Rate (%): 2.5000 %
Average Tax Rate (%): 3.0000 %
Marginal Tax Rate (%): 15.00 %

Nigeria Tax Reform Bill Calculator

This PAYE tax calculator calculate employment PAYE tax payable under the proposed Nigeria tax reform bills 2025 of President Bola Ahmed Tinubu.

The Tax Reform Bills are still being considered by the National Assembly. They are yet to be passed into laws. Untill then, the existing PITA 2011 still applies.

PROPOSED NIGERIA TAX REFORM BILL RATES 2025
S/N MONTHLY BAND (NGN) ANNUAL BAND (NGN) TAX RATE (%)
1 First 66,666.67 First 800,000 0%
2 Next 183,333.33 Next 2,200,000 15%
3 Next 750,000 Next 9,000,000 18%
4 Next 1,083,333.33 Next 13,000,000 21%
5 Next 2,083,333.33 Next 25,000,000 23%
7 Above 4,666,666.67 Above 50,000,000 25%
NHIS is 5% and 10% of basic salary contributed by employee and employer respectively;
For employer with 10 or more employees.
NHF 2.5% of gross salary contributed by employee. Optional for private sector.
Pension is 8% and 10% of basic salary, housing allowance and transport allowance, contributed by employee and employer respectively.
CRA has been replaced with a conditional rent relief of 200,000 Naira or 20% of rent whichever is lower.
A taxpayer is entitled up to 200,000 Naira tax relief in a year if there is a proof of paying the rent to his landlord.
Read more on Nigeria Tax Reform Bills here PAYE - Tax Reform Bills
Read more on Nigeria payroll here Statutory Notes