Net pay, or take-home pay, is what an employee receives after deductions: PAYE, the employee’s pension contribution, NHF where it applies, and any agreed deductions such as loan repayments.
On a ₦500,000 monthly salary with the usual split and 8% pension, net pay is ₦397,980 under the 2026 PAYE rules, or ₦392,855 if the employee also contributes to NHF. Employer contributions such as the 10% pension and NSITF are paid on top and do not reduce net pay.
Use the PAYE calculator to work out net pay for any salary.
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