Skip to main content

Income Tax Rate for FY 2076/77 for Individuals and Couples

Per Nepalese Income Tax Act - Tax Slab and Tax Rate for FY 2076.77 for those having Income Only from Employment

Particulars IndividualCouple
Taxable Income (In NRs.) Incremental Taxable Income Tax on Incremental Taxable Income Taxable Income (In NRs.) Incremental Taxable Income Tax on Incremental Taxable Income
First Slab 400,000.00 400,000.00 1%* 450,000.00 450,000.00 1%*
Second Slab 500,000.00 100,000.00 10% 550,000.00 100,000.00 10%
Third Slab 700,000.00 200,000.00 20% 750,000.00 200,000.00 20%
Fourth Slab 2,000,000.00 1,300,000.00 30% 2,00,000.00 1,250,000.00 30%
Fifth Slab Above 2,000,000.00 Greater than 2,000,000.00 36% Above 2,00,000.00 Greater than 2,000,000.00 36%

Note(*): 1% Tax will not be levied in case of a natural person:
a) Registered as Sole Proprietorship Firm
b) Having income only from Retirement
c) Contributing to the Retirement Fund and Social Security Fund
Per Nepalese Income Ta Act - Tax Slab and Tax Rate for FY 2076.77 for those having Income Only from Sole Proprietorship
Particulars IndividualCouple
Taxable Income (In NRs.) Incremental Taxable Income Tax on Incremental Taxable Income Taxable Income (In NRs.) Incremental Taxable Income Tax on Incremental Taxable Income
First Slab 400,000.00 400,000.00 1%* 450,000.00 450,000.00 1%*
Second Slab 500,000.00 100,000.00 10% 550,000.00 100,000.00 10%
Third Slab 700,000.00 200,000.00 20% 750,000.00 200,000.00 20%
Fourth Slab 2,000,000.00 1,300,000.00 30% 2,00,000.00 1,250,000.00 30%
Fifth Slab Above 2,000,000.00 Greater than 2,000,000.00 36% Above 2,00,000.00 Greater than 2,000,000.00 36%

We will soon be posting the excel based income tax calculator for your use. Please continue to visit our blog.
Labels:
Location: Kathmandu 44600, Nepal

Comments

Post a Comment

Most Viewed

Tax Collection Agency codes for IRD Offices all over Nepal

Inland Revenue Department Nepal has published the agency codes that shall be used for the collection of direct and indirect taxes for the general public's information. Each code consists of 9 numbers. There are in total 59 agency codes currently in use. From these codes, we can classify that there are four types of IRD offices currently in operation. 1) Inland Revenue Office 2) Tax Payer Service Office 3) Large Tax Payer Service Office, and 4) Medium Tax Payer Service Office When shall you use these codes? It shall be used while choosing the agency where the tax should be deposited while completing the form for depositing the taxes. Agency Code list below: S.N. Agency Code Name Address 1 305011620 Inland Revenue Office Lahan 2 305030201 Tax Payer Service office Phidim 3 305030301 Tax Payer Service office Illam 4 305030401 Tax Payer Service office Khandbari 5 305030601 ...
1 comment
Read more

Process of Obtaining Tax Clearance Certificate in Nepal?

A tax clearance certificate confirms that an individual or entity: is in compliance with the Nepalese Income Tax Act, 2058 and its regulations, has submitted the tax return, audit report and necessary schedules, and all the taxes have been duly paid to the Government of Nepal Who issues Tax Clearance Certificate? The Inland Revenue Department (IRD) is authorized to obtain tax clearance certificate on behalf of the Ministry of Finance, Government of Nepal. How do I apply? An application must be filed at the concerned Tax Payer's office with NRs 10 stamp with the following documents enclosed: 1) Entity: Copy of the payment of taxes per Self Assessment submitted to IRD. Copy of the Audit Report duly audited by the member of the Institute of Chartered Accountants of Nepal (ICAN). Copy of the Previous Year Income Tax Return and Copy of Tax Clearance Certificate Obtained if any. Copy of the Permanent Account Number (PAN) Certificate. 2) Individual: In the c...
9 comments
Read more

Fees, Fines and Penalties under Nepalese Companies Act, 2063, Amended 2074

We normally get a lot of question in different forums on what is the registration fee of Company in Nepal and what are the various penalties imposed for non-compliance. Here's what we have compiled for you. Please get back to us on comments if you have any additional query. 1.          Fees during company registration a.        Private Limited Company S.N Authorized Capital Fee (In NRs.) 1 Up to Rs. 100,000 1,000 2 From 100,001 to 500,000 4,500 3 From 500,001 to 25,00,000 9,500 4 From 25,00,001 to 1,00,00,000 16,000 5 From 1,00,00,001 to 2,00,00,000 19,000 6 From 2,00,00,001 to 3,00,00,000 22,000 7 From 3,00,00,001 to 4,00,00,000 25,000 8 From 4,00,00,001 to 5,00,00,000 28,000 9 From 5,00,00,001 to 6,00,00,000 31,000 10 From 6,00,00,001 to 7,00,00,000 34,000 11 From 7,00,00,001 to 8,00,00,000 37,000 12 From 8,00,00,001 to 9,00,0...
Post a Comment
Read more