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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.
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Location: Kathmandu 44600, Nepal

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