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 2078/79


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 2078/79

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

  • September 23, 2020 at 2:38 am
    Permalink

    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.

    Reply
  • May 20, 2021 at 1:18 pm
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    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????

    Reply
  • May 21, 2021 at 8:31 am
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    If some have a bank loan and paying the loan on monthly basis can this be deducted from the income for tax calculation?

    Reply
  • July 10, 2021 at 12:04 pm
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    What are tax saving scheme for individual in nepal.

    Reply
    • February 14, 2022 at 8:45 am
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      What about insurance premium

      Reply
  • March 21, 2022 at 8:30 am
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    can you explain about the role of provident fund, insurance and citizen investment trust to avoid
    tax

    Reply
  • April 16, 2022 at 4:06 pm
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    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.
    Thanks.

    Reply

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