Business Tools

Tax Calculator

With the new Tax Laws coming into effect from January 1, 2026, getting your payroll compliant is never more important. This tax calculator is an essential tool to help you better understand and stay compliant with relevant changes in the Tax Laws.

For a seamless and fully compliant payroll service, signup with MonyTrack Business! MonyTrack Payroll offers a frictionless payroll service for businesses like yours. Stay compliant, effortlessly. Book a free demo today!




Tax Calculator
Monthly
Annual
Employee Basic Salary
Employee Allowances
Housing Allowance
Transport Allowance
Add Allowance
Employee Monthly Rent
KeyNotes:

The 2025 Tax Laws retains previous Statutory Deductions as Eligible Deductions, replaces consolidated relief with rent relief, and zero rates the first N800,000 of taxable income.

  1. Pension Contribution: Employee pension contribution is 8% of basic salary, housing & transport allowance. Employer contributes 10% of basic salary, housing & transport allowance bringing total pension contribution to 18% of basic salary, housing & transport allowance.
  2. NHF Contribution: National Housing Fund (NHF) contribution is 2.5% of gross salary
  3. Rent Relief: Rent relief is the lower of N500,000 or 20% of annual rent.
  4. Progressive Tax: The new laws set new tax rates for personal income as follows:
  5. Income Bands Rate
    0 – 800,0000%
    800,001 – 3,000,000 15%
    3,000,001 – 12,000,00018%
    12,000,001 – 25,000,00021%
    25,000,001 – 50,000,00023%
    Above 50,000,00025%
Gross Income
0
Eligible Deductions
Employee pension contribution:
0
NHF Contribution:
0
Rent Relief:
0
0

Taxable Income:
Monthly:
0.00
Annual:
0

Employee Tax Payable:
First 800,000.00 (at 0%):
0.00
Monthly Tax Payable:
0.00
Annual Tax Payable:
0

Net Income:
Monthly Net Income:
0.00
Annual Net Income:
0.00
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MonyTrack Business - Tax Calculator