PAYE on a ₦300,000 monthly salary, worked out in full

PAYE on a monthly salary of this size, worked out in full: the exact bands it crosses, the tax owed, and the take-home pay left after PAYE.

3 min readBy the Docufy editorial team

Quick answer

After the usual pension contribution, this salary crosses two PAYE bands: 15% on income from ₦800,001 to ₦3 million and part of 18% on income from ₦3 million to ₦12 million. Added together, the sums below give the exact yearly tax and the monthly take-home pay.

Bands crossed
Two, after the tax-free slice
Second band
18% on income from ₦3 million to ₦12 million
Pension assumed
8% of gross, the calculator's default
Try your own figure
Use the PAYE calculator tool
On this page

A monthly salary at this level is common across office and administrative roles in Nigeria's bigger cities. This example reaches into a second PAYE band, not just the first, so it is worth seeing in full.

The bands below have applied since 1 Jan 2026, and they are the same ones behind the PAYE calculator, pension included.

The worked example

₦300,000 a month comes to ₦3,600,000 a year gross. Most employees also have a pension contribution deducted before PAYE, commonly 8% of gross pay, which is the default this guide and the calculator both use; check your own payslip for the rate that actually applies to you.

  • Gross pay: ₦3,600,000 a year.
  • Pension at 8%: ₦288,000.
  • Taxable income: ₦3,312,000.

Applying the bands to the taxable figure:

  • First ₦800,000: nothing.
  • Next slice, taxed at 15% on income from ₦800,001 to ₦3 million: ₦330,000, which uses up that whole band.
  • Remaining ₦312,000, taxed at 18% on income from ₦3 million to ₦12 million: ₦56,160.

Adding it up in this example

₦330,000 plus ₦56,160 comes to ₦386,160 in tax for the year, or ₦32,180 a month. Take-home pay is gross less pension less PAYE: ₦3,600,000 minus ₦288,000 minus ₦386,160, or ₦2,925,840 a year, close to ₦243,820 a month.

Without pension, for comparison

Applying the bands straight to the ₦3,600,000 gross, with no pension taken off first, would give a bigger tax bill of ₦438,000 a year instead of ₦386,160. The gap is what the pension contribution saves in tax by reducing the taxable figure first.

Why the second band comes into play here

Taxable income at this level is high enough to use up the whole of 15% on income from ₦800,001 to ₦3 million and still have income left over. That leftover, ₦312,000 in this example, is what pushes part of the salary into 18% on income from ₦3 million to ₦12 million.

A noticeably smaller monthly salary would likely stop short of that second band entirely, staying inside the first taxed band alone even after pension is taken off.

What this example looks like on a payslip

A payslip for this salary should show gross pay of ₦300,000, a pension line close to ₦24,000 a month, a PAYE line close to the monthly figure in this example, and a net pay figure matching the take-home amount above, give or take any other deduction that also applies.

Asking payroll to show the calculation band by band is a reasonable request if a payslip's PAYE line looks noticeably different from this example.

How this compares to other salary levels

A smaller monthly salary example never leaves the first taxed band at all. A larger monthly salary example uses the second band far more fully, and a still larger one reaches a third band entirely.

The method behind every one of these examples is the same: only the number of bands crossed changes. See how PAYE is calculated step by step for that method on its own, without a specific salary attached.

What this example still leaves out

Pension is the one deduction this example applies, since it is the calculator's default. It does not apply rent relief or any other deduction, since those depend on documents specific to one person, such as a tenancy agreement. A payroll or tax adviser can confirm which of those also fit a specific job.

Where to check the bands themselves

For the full ladder this example draws on, see the 2026 PAYE bands explained, and browse the rest of this series, including examples at other salary levels, from the PAYE and state tax hub.

Questions people ask

How much tax do I pay on ₦300,000 a month?

Once the usual pension contribution is taken off first, it crosses two bands above the tax-free amount. The full sum is worked out step by step in the example above, with the tax and take-home pay shown together.

Why does this salary reach a second band when a smaller one might not?

Once taxable pay passes the first taxed band's upper limit, the extra above that line moves into the next band. A smaller salary can stay inside the first band entirely, even after pension is taken off.

Does a raise on this salary get taxed at a higher rate overall?

No. Only the extra pay above the current band line moves to the next rate. Everything already earned inside a lower band keeps that lower rate.

Does this example include pension?

Yes, at 8% of gross pay, matching the PAYE calculator's default. The facts registry behind this guide carries no pension rate of its own, so confirm your actual rate with your employer or pension provider.

Sources

Last checked 27 Sep 2026. Fees and rules change; the agency that issues the document has the final word. See our editorial policy.

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