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Understanding Personal Income Tax in Nigeria Under the New 2025 Tax Act
Personal income tax is a tax levied on the income of individuals. It is calculated based on the total income earned by an individual, after deducting allowable reliefs and allowances. The tax liability is determined using a progressive tax rate system, where higher income brackets are taxed at higher rates.
This advanced tax calculator goes beyond simply computing your tax liability. It provides a comprehensive comparison of your financial standing under both the New Nigeria Tax Act 2025 and the old tax systems, clearly illustrating the impact on your net income and total tax liability. This side-by-side analysis empowers you to make an informed decision about which tax regime is most beneficial for your unique financial situation.
Learn more by reading Everything You Need to Know About Nigeria’s Personal Income Tax Under the New 2025 Tax Act – Q&A Guide for Everyone.