Please sit down and read this carefully. This is a very serious matter.

Step One:
If your annual income is ₦800,000 or below, you will not pay any tax.

Step Two:
If your annual income is more than ₦800,000 but not above ₦3,000,000, the first ₦800,000 will be tax-free, but the amount above ₦800,000 will be taxed at 15%.

Example:
If you earn ₦1,300,000 in a year, the first ₦800,000 is not taxable, but the remaining ₦500,000 will be taxed at 15%, which equals ₦75,000.
That ₦75,000 is your total tax.

Step Three:
If your annual income is above ₦3,000,000 but not more than ₦12,000,000, the first ₦800,000 remains tax-free.
The income from ₦800,000 to ₦3,000,000 will be taxed at 15%, while the portion above ₦3,000,000 will be taxed at 18%.

Example:
If you earn ₦10,000,000 a year:

₦800,000 is tax-free.

From ₦800,000 to ₦3,000,000 is ₦2,200,000, taxed at 15% = ₦330,000.

From ₦3,000,000 to ₦10,000,000 is ₦7,000,000, taxed at 18% = ₦1,260,000.

Total tax = ₦330,000 + ₦1,260,000 = ₦1,590,000.

Step Four:
If you earn above ₦12,000,000 up to ₦25,000,000,

₦800,000 is tax-free,

₦2,200,000 taxed at 15%,

₦9,000,000 taxed at 18%,

any amount above ₦12,000,000 taxed at 21%.

Example:
If you earn ₦14,000,000:

₦800,000 tax-free.