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
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.
Thank you.
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????
If some have a bank loan and paying the loan on monthly basis can this be deducted from the income for tax calculation?
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.
What are tax saving scheme for individual in nepal.
What about insurance premium
can you explain about the role of provident fund, insurance and citizen investment trust to avoid
tax
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.
Please check double taxation avoidance agreement between Nepal and India.
Thank so much
Tax rate for special industry is 20%.
How is tax rate of overtime in salary if someone work
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.
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.
what would be the tax rate for the payment of End service bonus and balance leave .