🇳🇬 2026 Tax Calculator
Calculate PAYE, Direct Assessment, and Company Income Tax with 2026 Reform Rules.
ℹ️ How PAYE works
Calculates Personal Income Tax after statutory deductions and the Consolidated Relief Allowance (CRA).
Your total yearly package including Basic Salary, Housing, Transport, and all allowances.
Money saved for retirement is tax-free. Typically 8% of (Basic + Housing + Transport).
National Housing Fund. Usually 2.5% of Basic Salary. Tax-deductible.
Annual fees paid for life insurance. Reduces taxable income.
Payments made to the National Health Insurance Scheme.
ℹ️ Sole Proprietors & Freelancers
Profit is taxed as Personal Income. Deduct expenses like Home Office Rent and Equipment before tax.
Total money received from sales or services.
Deductible Expenses
Cost of Goods Sold, staff salaries, internet, fuel, transport.
Portion of rent used for business (e.g., 20% of annual rent).
Tax relief on assets (generators, laptops, machinery).
ℹ️ 2026 Company Income Tax (CIT)
Exemption Alert: Companies with Turnover < ₦50m AND Assets < ₦250m pay 0% CIT.
Total value of all goods and services sold during the year.
Salaries, Rent, Cost of Stock, Marketing, Ops.
Used to determine Small Company 0% Tax eligibility.