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Self-Employment Tax Calculator

Calculate quarterly tax payments for freelancers, consultants, and self-employed professionals.

About Self-Employment Tax

Self-employed individuals pay tax through self-assessment. Calculate and pay quarterly based on net business income.

  • • Deduct legitimate business expenses
  • • Claim tax reliefs (pension, NHF, NHIS)
  • • Pay in 4 quarterly installments

📊 Income & Expenses

Total revenue from freelancing, consulting, or self-employment

Deductible business expenses (equipment, supplies, marketing, etc.)

💰 Tax Reliefs & Allowances

Recommended: 10%. Maximum deductible: 20% of gross income

National Housing Fund: 2.5% of gross income

National Health Insurance Scheme contribution

Life insurance premiums are tax-deductible

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AI Tax Tip

Self-employed individuals can deduct business expenses, pension contributions up to 20%, NHF (2.5%), NHIS, and life insurance premiums. Our AI will analyze your inputs and suggest additional deductions you may qualify for!

Common Questions

What expenses can I deduct?

Business expenses such as office rent, equipment, software, marketing, professional fees, travel, internet, and phone.

When are payments due?

Q1: April 30 | Q2: July 31 | Q3: October 31 | Q4: January 31

What if income varies?

Estimate conservatively, pay quarterly, and reconcile at year-end. Overpayments are refunded.

Do I need to register?

Yes, if earning above ₦300,000 annually. Obtain a TIN and file annual returns.