The Income tax rates and personal allowances in Nepal are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Nepal Tax Calculator 2079.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 1% | Income from $ 0.000.00 | to | $ 500,000.00 |
| 10% | Income from $ 500,000.01 | to | $ 700,000.00 |
| 20% | Income from $ 700,000.01 | to | $ 1,000,000.00 |
| 30% | Income from $ 1,000,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 1% | Income from $ 0.000.00 | to | $ 600,000.00 |
| 10% | Income from $ 600,000.01 | to | $ 800,000.00 |
| 20% | Income from $ 800,000.01 | to | $ 1,100,000.00 |
| 30% | Income from $ 1,100,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 1% | Income from $ 0.000.00 | to | $ 500,000.00 |
| 10% | Income from $ 500,000.01 | to | $ 700,000.00 |
| 20% | Income from $ 700,000.01 | to | $ 1,000,000.00 |
| 30% | Income from $ 1,000,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 1% | Income from $ 0.000.00 | to | $ 600,000.00 |
| 10% | Income from $ 600,000.01 | to | $ 800,000.00 |
| 20% | Income from $ 800,000.01 | to | $ 1,100,000.00 |
| 30% | Income from $ 1,100,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | and above | |
If you are an not famliar with Nepal, you may be wondering why the tax year is showing at 2079 and not 2022/2023. The answer is that the tax year in Nepal is 2079/80 (what most would consider the 2022/2023 tax year) as Nepal uses the Bikram Sambat Nepali calendar. The current Nepali Year in Nepali based on the Nepali calendar is 2079 Bikram Sambat. To save you working out the math, the Nepali Calendar is approximately 56 years and 8 and months ahead of the English Calendar which uses the Gregorian Calendar system based on Anno Domini.
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Nepal periodically and typically updated each year. Not that not all tax rates and thresholds in Nepal change annually, alterations to tax policy to support strategic economic growth in Nepal mean that the certain areas may be focused on to provide specific tax relief in Nepal or support growth in certain areas (overseas invstment in Nepal for example may mean reduced non-resident income tax rates in Nepal for a period).
When tax policy in Nepal changes, the resultant tax tables also change. Tax tables in Nepal are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Nepal, the Nepal tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Nepal for example).
Nepal Tax Tables may also be referred to as Nepal Tax Slabs, Nepal personal allowances and tax thresholds or Nepal business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2079 tax rates and thresholds used within the 2079 Nepal Salary Calculator. This means that if you are aware of a 2079 tax exemption or 2079 tax allowance in Nepal that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Nepal Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Nepal Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Nepal simple, we achieve this my making the Nepal tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2079 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2079 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Nepal income tax rates and personal allowances used in the associated income tax calculator for the same tax year.