Nepali Talim YouTube Channel

www.youtube.com/c/nepalitalimnepal
Calculation of Salary Tax for Social Security Listed Org
प्राकृ तिक ब्यक्तिको पारिश्रमिक आय वा रोजगारीबाट भएको आयको आधारमा कर दायित्व गणना
सामाजकि सुरक्षा कोषमा आवद्ध भएकाहरुको लागि मात्र
Financial Year 2076-2077 (2019-2020)
Updated : 2076-11-29 _Ram Shrestha

Monthly

Basic Dearness Social

S.No. Employee Name Designation Months Salary Allowance Security Fund
(COL) (20%)

1 Ram Shrestha Admin Assistant 12 8,455 4,995 1,691

(GoN Basic Standard)
2 ABC Shrestha Finance Manager 6 50,000 30,000 10,000
3 Mr. Z Ranat Program Director 6 150,000 50,000 30,000
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
-
TOTAL 208,455 84,995 41,691

Note :
1 Remote Area Limit -Income tax act : 2058 Anusuchi 1 ko dafa1 upadafa 5 .
2 Medical Tax Credit : 15% of Annual Medical Expense or 750 which ever is less
3 Approved Retirement fund : Actual Deposit, 1/3 of Assesseble income or max 5 lakhs (As per Revised Rules Amend
 nepalitalim@gmail.com
Social Security Fund =31% Total
Employeer = SSF : PF 10% + Gratuity 8.33% + Insurance 1.67% = 20%

Employee = 10% PF and 1% Social Security Tax = 11%

Monthly (if increment) Lumpsum Yearly

Monthly Increment Basic Dearness Social Monthly Dashain

Gross Months Salary Allowance Security Fund Gross Allowance
Salary (COL) (20%) Salary

15,141 0% 0 - - - -
8,455
90,000 10% 6 55,000 33,000 11,000 99,000 50,000
230,000 5% 6 157,500 52,500 31,500 241,500 150,000
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - - - -
- 12 - - -
335,141 212,500 85,500 42,500 340,500 208,455

khs (As per Revised Rules Amended in Year 2076-77) which ever is less
 Approved Retirement
Lumpsum Yearly ANNUAL GROSS TOTAL Contribution
Annual
Assessable
Dearness Social Income
Annual Basic Lumpsum (A) SSF Deposit
Bonus Salary Allowance Security Fund Yearly (31%)
(COL) (20%)

- 101,460 59,940 20,292 8,455 190,147 31,453

500,000 600,000 360,000 120,000 550,000 1,630,000 186,000

500,000 1,800,000 600,000 360,000 650,000 3,410,000 558,000
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1,000,000 2,501,460 1,019,940 500,292 1,208,455 5,230,147 775,453
Approved Retirement
Contribution Less Further Reduction (Sc
Allowable Adjusted Iife
Deduction Taxable Annual Remote Insurance
Gross Taxable Area
Total Under Sec 63 Income Reduction of Income (Select) Premium
(B) (A-B) (Actual) Allowable
Retirement Donation LIP
Contribution (sec-12)

31,453 31,453 158,694 - 158,694 N/A 10,000 10,000

186,000 186,000 1,444,000 - 1,444,000 A 30,000 25,000

558,000 500,000 2,910,000 - 2,910,000 C 20,000 20,000
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
- - - - - N/A -
775,453 717,453 4,512,694 - 4,512,694 - 60,000 55,000
 CALCULATION OF TAX

Further Reduction (Schedule 1) Remunration Tax

Social
ANNUAL Choose -Tax Security
TAXABLE
INCOME Payer Status Tax (1%)
Remote Total (Nill) RT-10% RT-20% RT-30%
Area Reduction (100K) (200K) (<=20 Lakhs)

- 10,000 148,694 Couple - - - -

50,000 75,000 1,369,000 Single Woman - 10,000 40,000 200,700

30,000 50,000 2,860,000 Single - 10,000 40,000 390,000
- - - Couple - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Couple - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
- - - Single Woman - - - -
80,000 135,000 4,377,694 - 20,000 80,000 590,700
 CALCULATION OF TAX LIABILITY Monthly Assessment for R

Remunration Tax Medical Tax

Credit
Gross Single (15% of Annual Monthly Tax Paid
Tax Woman Net Tax Liability
RT-36% Total Liability Tax Credit Annual Liability (12 Months) Months
(Above 20 Remunration Medical
Lakhs) Tax Exp)
#

- - - - - - 1

- 250,700 250,700 25,070 750 224,880 18,740 6

309,600 749,600 749,600 - 749,600 62,467
- - - - - - 0
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
309,600 1,000,300 1,000,300 25,070 974,480 81,207 7
Monthly Assessment for Remaining Month

Total Not Paid Monthly

TDS
Paid Months Tax

- 11 -

94,200 6 21,780
- 12 62,467
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
- 12 -
94,200 12 (7,850)
94200 84247
Nepali Talim YouTube Channel
www.youtube.com/c/nepalitalimnepal
Statement of Monthly TDS
Financial Year 2076-2077 (2019-2020)
Updated : 2076-04-01 _Ram Shrestha
1 2 3 4
S.No. Employee Name Designation # Srawan 2076 Bhadra 2076 Aswin 2076 Kartik 2076
Ram Shrestha
1 (GoN Basic Standard) - -
2 ABC Shrestha 18,740.00 18,740.00 500.00 18,740.00
3 Mr. Z Ranat - - - -
4 - - - -
5 - - - -
6 - - - -
7 - - - -
8 - - - -
9 - - - -
10 - - - -
11 - - - -
12 - - - -
13 - - - -
14 - - - -
15 - - - -
TOTAL 18,740.00 18,740.00 500.00 18,740.00
 5 6 7 8 9 10 11
Mangsir 2076 Poush 2076 Magh 2076 Falgun 2076 Chaitra 2076 Baishak 2077 Jestha 2077

- - - - - - -
18,740.00 18,740.00 - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
18,740.00 18,740.00 - - - - -
 12
Ashadh 2077 ANNUAL TOTAL

- -
- 94,200.00
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- 94,200.00
 Nepali Talim YouTube Channel
www.youtube.com/c/nepalitalimnepal
Personal Tax Rates for FY 2076-2077 (2019-2020)
Nepal Budget Year 2076/77
Slab Rate for Natural Person
Individual (Single)
Particulars Notes
1. First Slab -Social Security Tax 400,000
2) 2nd Next-Remunration Tax 400,000+100,000=500,000
3) 3rd Next 500,000+200,000=700,000
4) 4th Next-Up to 20 Lakhs 2,000,000-700,000=13,00,000
5) Balance Exceeding (More than) 20 Lakhs above
1. Tax Rebate : Female Tax Credit 10% for Single Female

Slab Rate for Natural Person

Couple (Married)
Particulars Notes
1. First Slab -Social Security Tax 450,000
2) 2nd Next-Remunration Tax 4,50,000+1,00,000=5,50,000
3) 3rd Next 5,50,000+2,00,000=7,50,000
4) 4th Next-Up to 20 Lakhs 20,00,000-7,00,000=12,50,000
5) Balance Exceeding (More than) 20 Lakhs above

!= kfl?>ldsdf cfwfl/t ;fdflhs ;'/Iff s/ ! k|ltzt t/ ;fdflhs ;'/Iff sf]ifdf cfj4x?sf] x

@= kfl?>lds s/ !), @), #), #^ kltzt
Note : 1%
* If the Socialperson
natural Security
hasTax and Rest
taxable -Remunration
income of above Rs.Tax
20 lakhs (2 Million), additional tax shall be paid at the rate o
20% on the tax amount calculated after applying 30% tax rate.
36% Why (How it Comes)
1. First Calculate 30%
2. Add 20% of Additional Tax on
(30% tax liability amount on more than 20 lakhs) (20% of 30%)
Rate for More than 20 Lakhs
Notes :
1.Less : Allowable
2. Reduction Retirement Contribution for Decution Under Sec 63 (B) : Whichever is less amount Max 3 Lakhs or Deposit
of Donation
(sec-12)
3. Further Reduction (Schedule 1) : LIP 25000 and Remoteness Allowance : Remote area A-50,000
 Channel
alimnepal
-2077 (2019-2020)
76/77

Individual (Single)
Slab Amount (NPR.) Slab Rate
(Taxable Income)
400,000 0% (nill)
100,000 10%
200,000 20%
1,300,000 30%
2,000,000 *36 %

Couple (Married)
Slab Amount (NPR.)
(Taxable Income) Slab Rate
450,000 0% (nill)
100,000 10%
200,000 20%
1,250,000 30%
2,000,000 *36 %

fdflhs ;'/Iff sf]ifdf cfj4x?sf] xsdf nfUb}g

ion), additional tax shall be paid at the rate of

30%

6%
36%
Whichever is less amount Max 3 Lakhs or Deposit or 1/3 of Assesible income

emote area A-50,000

Nepali Talim YouTube Channel
www.youtube.com/c/nepalitalimnepal
USED- FOR DROP DOWN MENU
Email : nepalitalim@gmail.com

List Used on Drop Down Menu

Tax Payer Status
Single Woman
Single
Couple
Please, Do not change the list

Remote Area-Category
A
B
C
D
E
N/A
Please, Do not change the list
 Nepali Talim YouTube Channel
Kathmandu
SALARY PAYMENT RECEIPT

Employee : MR. Shrestha

PAN No : 123456789
Designation : Marketing Officer
Department : Marketing Officer
Month Srawan 2076 Payment Date 30-04-2076
S.No Items Amount Remarks
1.1 Basic Salary
1.2 Provident Fund (10%) -
1.3 Gratuity (8.33%) -
Gross Total -
Deduction : Retirement Fund
1.1. Citizen Investment Trust / (20%) -
1.2 Gratuity (8.33%) -
Total Deduction -
Net Salary Payable before TDS -
Deduction : Tax Deducted at Source (TDS) 16,674.00
Monthly Net Total Payable (16,674.00)
Paid by Cheque : NIBL

Paid By Received By
Name : Name :
Account Officer Finance Manager
 NEPALI TALIM YOUTUBE CHANNEL
KATHMANDU, NEPAL
MONTHLY SALARY SHEET
Month : SRAWAN 2076

Provident Gratuity MONTHLY

S.No. Employee Name Designation BASIC SALARY Fund (10%) (8.33%) GROSS
SALARY

1 - - - -
2 - - - -
3 - - - -
4 - - - -
5 - - - -
6 - - - -
7 - - - -
9 - - - -
10 - - - -
11 - - - -
12 - - - -
13 - - - -
14 - - - -
15 - - - -
TOTAL - - - -
UTUBE CHANNEL
DU, NEPAL
ET
6
Less: Retirement Fund Contribution
Employee GRATUIT TOTAL LESS : LESS :
Gross Monthly Net Monthly
Provident Fund Y DEDUCTIO TDS ADVANCE
Payable SALARY Payable
(20%) (8.33%) N (Salary Tax)

- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - - - -