Tax Rate In Nepal For Fiscal Year 2079/80 [FY 2022-23]

June 7, 2022 | Investopaper

The income tax rate in Nepal as per the new budget is shown below.

Income Tax Rate In Nepal For Individual (Unmarried)

The table below shows the income tax rates in Nepal for unmarried individual.

Income Tax Rate In Nepal For Unmarried Individual [FY 2079/80]

Annual Income Income Tax Rate (FY 2079/80)
Up to Rs 5,00,000 1%
Rs. 5,00,001-Rs. 7,00,000 10%
Rs. 7,00,001- Rs 10,00,000 20%
Rs 10,00,001- Rs 20,00,000 30%
Above Rs 20,00,000 36%

Note: Upto Rs. 40,000 can be deducted as insurance premiums for income tax purposes.

For Full Information, Click Here: Income Tax Rate In Nepal 2079/80

Income Tax Rate In Nepal For Married Couple

The table below presents the income tax rates in Nepal for married couple.

Income Tax Rate In Nepal For Married Couple [FY 2079/80]

Annual Income  Tax Rate In Nepal (FY 2079/80)
Up to  Rs 6,00,000 1%
Rs. 6,00,001-Rs. 8,00,000 10%
Rs. 8,00,001-Rs. 11,00,000 20%
Rs. 11,00,001-Rs. 20,00,000 30%
Above Rs 20,00,000 36%

Note: Upto Rs. 40,000 can be deducted as insurance premiums for income tax purposes.

Suggested Readings:

Tax Changes For The Fiscal Year 2079/80

Vehicle/Bike Tax Rate In Nepal

Tax Rate In Nepal For Non-Residents

Source of Income Tax Rate
Normal transactions 25%
Through shipping, air or telecom services, postage, satellite and optical fiber project 5%
Shipping, air or telecom services through the territory of Nepal 2%
Repatriation of profit by Foreign Permanent Establishment 5%

Corporate Income Tax In Nepal [For FY 2079/80]

Type of Business Normal Tax Rate
Normal Business 25%
Special Industry under section 11 for the whole year 25%
Constructing and operating ropeway, cable car, railway, tunnel or sky bridge 25%
Constructing and operating roads, bridges, tunnel, railway, and airports 25%
trolley bus or trams 25%
Entities with export income from a source in Nepal 25%
Banks and financial institutions (A,B & C Class) 30%
General Insurance (Non-Life Insurance) 30%
Tobacco, alcohol, cigarette and related products 30%
Telecom and Internet Services 30%
Capital market, Securities, Merchant banking, Commodity future market, Securities & Commodity broker 30%
Money transfer 30%
Petroleum business under Nepal Petroleum Act, 2040 30%

Note: Various discounts on tax have been offered by the budget of the fiscal year 2079/80 to special industries and other COVID-affected industries.

For Full Information, Click Here: Corporate Tax Rate In Nepal 2079/80


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16 thoughts on “Tax Rate In Nepal For Fiscal Year 2079/80 [FY 2022-23]

  • September 23, 2020 at 2:38 am

    Please check the tax calculation for Married couple as the 30% is calculated wrong it should be 375000 instead of 375500. But the total is correct.

  • May 20, 2021 at 1:18 pm

    if ssf is deducted then also this is the slab rate or upto 4 Lakhs/4.5 Lakh tax rate is 0% rest slab same????

  • May 21, 2021 at 8:31 am

    If some have a bank loan and paying the loan on monthly basis can this be deducted from the income for tax calculation?

    • January 9, 2023 at 8:21 am

      No any monthly payment for loan deducted while calculating tax.
      Rather if a staff has bee availing staff loan, the differential interest rate on staff loan and actual interest rate of similar product (home loan, auto loan, overdraft etc) shall be considered as differential income and considered for income. It s actually added in total income staff earned from the bank.

  • July 10, 2021 at 12:04 pm

    What are tax saving scheme for individual in nepal.

    • February 14, 2022 at 8:45 am

      What about insurance premium

  • March 21, 2022 at 8:30 am

    can you explain about the role of provident fund, insurance and citizen investment trust to avoid

  • April 16, 2022 at 4:06 pm

    Hi! I am an Indian citizen, working as Assistant professor in a medical college in Nepal for last 3 years. What all modes are there for indian citizen working in Nepal?
    Or it is same for both? Please guide.

    • August 24, 2022 at 7:29 am

      Please check double taxation avoidance agreement between Nepal and India.

  • July 10, 2022 at 9:14 am

    Tax rate for special industry is 20%.

  • August 19, 2022 at 5:07 am

    How is tax rate of overtime in salary if someone work

  • November 3, 2022 at 6:06 am

    I am working in Saudi Arabia. I send remittance to my bank account which I have deposited as a FIX Deposit. The bank deducts 5% every month from the interest of FD.

    What I understand the income received through remittance is tax free. My question is – Does the bank have right to deduct 5% from the interest every month from the money deposited through remittance? I don’t know much more about Taxation in Nepal. So I just thought to write you to get clear answer.

    • November 28, 2022 at 11:48 am

      it’s simple . You kept FD in Nepal . That means that is earned in Nepal . So you have to pay tax for that. So invest in Share Market for better return than bank.

  • December 12, 2022 at 3:32 am

    what would be the tax rate for the payment of End service bonus and balance leave .


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