We will look after the Employment Income Tax Rate slab in Nepal of 2079/80.
Employment Income Tax Rate in Nepal
Following is the updated tax rate extracted from FY 2079/80 budget.
|Remaining above 20,00,000||36%|
For Calculation of Taxable income of Employment: CLICK HERE
For Example: If a person has 30,00,000 taxable income from employment.
Calculation of tax from employment
|First Rs. 5,00,000||1%||Rs. 5,000|
|Next Rs. 2,00,000||10%||Rs. 20,000|
|Next Rs. 3,00,000||20%||Rs. 60,000|
|Next Rs. 10,00,000||30%||Rs. 3,00,000|
|Reaming Amount Rs. 10,00,000||36%||Rs. 3,60,000|
|Total Tax Amount||Rs. 7,45,000|
Hence, he has to pay Rs. 7,45,000 as tax to government of Nepal.
|First Rs. 6,00,000||1%|
|Next Rs. 2,00,000||10%|
|Next Rs. 3,00,000||20%|
|Next Rs. 9,00,000||30%|
|Above Rs. 20,00,000||36%|
Hence, these are the income tax rate in Nepal.
Tax Slab rate for Non-resident person in Nepal.
Non-resident person has to pay 25% tax rate on income from employment. Tax rate is levied on the taxable income of the person. He/She does not get any slab rate as Nepali do.
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