Income Tax Rate in Nepal | New Salary Tax Slab 2078/79

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The new income tax in Nepal 2078/79 for unmarried, married citizens, foreign nationals and business corporates is given below. New salary tax slab 2078/79 has been illustrated below in detail.

New Income Tax in Nepal 2078/79 for Unmarried Individual

According to the latest Income Tax of Nepal 2078/79, if your yearly income is upto Rs. 4,00,000, you have to pay 1% of your income as a tax, which accounts for Rs. 4000.

For income ranging between Rs. 4,00,000 and Rs. 5,00,000 yearly, you have to pay 10% income tax in Nepal for the additional income above Rs. 4,00,000. Thus, the total maximum income tax becomes Rs. 4000 + 10,000 = Rs. 14,000.

If your yearly income ranges between Rs. 5,00,000 and Rs. 7,00,000 in Nepal, you have to pay 20% income tax in Nepal for the additional income above Rs. 5,00,000. Thus, your total maximum income tax in Nepal becomes Rs. 14,000 + 40,000 = Rs. 54,000.
If your yearly income ranges between Rs. 7,00,000 and Rs. 20,00,000 in Nepal, you have to pay 30% income tax in Nepal for the additional yearly income which is above Rs. 7,00,000. In this case, your total maximum income tax in Nepal becomes Rs. 54,000 + 390,000 = Rs. 4,44,000.

For others who earn more than Rs. 20,00,000 yearly, they have to pay income tax in Nepal at the rate of 36%, for additional income above Rs. 20,00,000. In this case, if an individual whose earning is Rs 3000000 per annum will have to pay Rs 4,44,000 + 3,60,000 = Rs. 8,04,000.

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

Annual IncomeTax RateTotal Tax
Up to Rs. 4,00,0001%Rs. 4000
From Rs. 4,00,000 to 5,00,00010%Rs. 4000 + 10000
From Rs. 5,00,000 to 7,00,00020%Rs. 14000 + 40000
From Rs. 7,00,000 to 20,00,00030%Rs. 54000 + 3,90,000
More than Rs. 20,00,00036%Rs. 4,44,000 + X1
New Income Tax Slab in Nepal

X1 = 36% of Income more than Rs. 20,00,000.

For Annual Income up to Rs. 4,50,000, you have to pay 1 % income tax. Thus the maximum tax would be Rs. 4,500 only.

For Annual Income between Rs. 4,50,000 and Rs. 5,50,000, you have to pay 10 % income tax for that additional 1 lakh income which is above Rs. 4,50,000. Thus, the maximum income tax is Rs. 4,500 + 10,000 (for additional 1 lakh annual income) = Rs. 14,500.

For the annual income between Rs. 5,50,000 and Rs. 7,50,000, you have to pay 20 percent income tax for additional income which is above Rs. 5,50,000. Hence, the maximum annual income tax will be Rs. 14,500 + 40,000 (for additional 2 lakhs annual income) = Rs. 54,500.

If your annual Income is between Rs. 7,50,000 and Rs. 20,00,000, you have to pay 30% income tax for additional income which is above Rs. 7,50,000. Hence, the maximum annual income tax becomes Rs. 54,500 + 375,000 (for additional 12.5 lakhs anual income) = Rs. 429,500

For others who earn more than Rs. 20,00,000, they have to pay income tax at 36% for the additional annual income which is above Rs. 20,00,000. Thus, those who earn Rs. 30,00,000 will have to pay annual tax of Rs. 429,500 + Rs.3,60,000 (tax for additional annual income above Rs. 20,00,000 is 36%) = Rs. 7,89,500.

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

Annual IncomeTax RateTotal Tax
Up to Rs. 4,50,0001%Rs. 4,500
From Rs. 4,50,000 to 5,50,00010%Rs. 4,500 + 10,000
From Rs. 5,50,000 to 7,50,00020%Rs. 14,500 + 40,000
From Rs. 7,50,000 to 20,00,00030%Rs. 54,500 + 3,75,000
More than Rs. 20,00,00036%Rs. 4,29,500 + X2
New Income Tax Slab in Nepal

where X2 = 36% of Income more than Rs. 20,00,000.

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