Nepali Talim YouTube Channel

Kathmandu, Nepal
Calculation of Taxable Income
FY 2076-2077 (2019-2020)
Employee : NR. Ram
PART A : CALCULATION OF TAXABLE INCOME
1. Salary and Benefits Month Rate
1. Basic Salary 12.00 8,455.00
2. Dearness Allowance 12.00 4,995.00
3. Dashain Allowance 1.00 8,455.00
4. Provident Fund (10%a of Basic Salary) 12.00 846.00
5. Gratuity (8.33%) 12.00 704.00
Total Gross Salary and Benifits 23,455.00

Total Assessable Income

LESS : RETIREMENT CONTRIBUTION (UNDER SEC 63): which ever is less
1. 1/3 of Assesible Income : 62,818
2. Contribution to Approved Retirement Fund (PF 20% and Gratuity) 28,752
3. Maximum Nrs. 300,000 300,000
ADJUSTED TAXABLE INCOME
LESS : REDUCTIONS (UNDER SEC 12)
Donation to Tax Exempt Organization
GROSS TAXABLE INCOME
LESS : FURTHER REDUCTION
A. UNDER SCHEDULE 1
A. Life Insurance (Whichever is less)
1. Actual Life Insurance Preminum per year 15000
2. Maximum Allowable 25000
B. Handicapped Person (Not Applicable)
50% of Exemption Limit (Single 4 Lakhs or Married 4 Lakhs 50 Thousand)
C. Remote Area Allowance (Not Applicable)
1.Category A- NRs. 50,000 - Humla , Jumla
2.Category B- NRs. 40,000
3.Category C- NRs. 30,000
4.Category D-NRs. 20,000
5.Category E- NRs. 10,000

NEX TAXABLE INCOME

PART B : CALCULATION OF TAX LIABILITY

ASSUMED MARRIED
1. 1st Slab : Social Service Tax (1% @ Up to 4 lakhs ) 1,447
Total Tax Liability 1,447
Monthly Tax 121

Mode Of Collection : TDS as follows Months

July (16-31) 2017 77
August 2017 140
August 2017-June 2018 (NPR.150 x 10 months) 1500
July (1-15) 2018 13
1,730.00
283.00

Prepared By
Ram Sharan Shrestha
Finance and Office Manager
7/16/2017
Total (NPR)
101,460.00
59,940.00
8,455.00
10,152.00
8,448.00
188,455.00

188,455.00

28,752.00

159,703.00

-
159,703.00

15,000.00

144,703.00

status
 NEPALI
K
MONTHLY SALARY
Month

Employee Monthly Arrears Pay

S.No. Name Designation Attended Scale
Days Pay Total

1 Mr. A Director 24 45,000

2 Mr. B S.Manager 24 40,000
3 Mr. C Manager 22 35,000
4 Mr. D Senior Officer 24 30,000
5 Mr. E Junior Officer 24 25,000
6 Mr. F Mgnt Trainee 24 20,000
7 Mr. G Assistant 24 15,000
TOTAL 210,000
 NEPALI TALIM YOUTUBE CHANNEL
KATHMANDU, NEPAL
MONTHLY SALARY SHEET (NOT LISTED OF SSF)
Month : SRAWAN 2076
Less: Retirement Fund
Employee
BASIC Allowance Dashain Provident Gratuity MONTHLY Provident
SALARY Fund GROSS Fund
(60%) (40%) Allowance (10%) (8.33%) SALARY (20%)

27,000 18,000 - 2,700 2,249 49,949 5,400

24,000 16,000 - 2,400 1,999 44,399 4,800
21,000 14,000 - 2,100 1,749 38,849 4,200
18,000 12,000 - 1,800 1,499 33,299 3,600
15,000 10,000 - 1,500 1,250 27,750 3,000
12,000 8,000 - 1,200 1,000 22,200 2,400
9,000 6,000 - 900 750 16,650 1,800
126,000 84,000 - 12,600 10,496 233,096 25,200
s: Retirement Fund Contribution

GRATUITY TOTAL LESS : Gross LESS : Net

(8.33%) TDS Monthly ADVANCE Monthly
DEDUCTION (Salary Tax) Payable SALARY Payable

2,249 7,649 1,163 41,137 5,000 36,137

1,999 6,799 710 36,890 - 36,890
1,749 5,949 301 32,599 - 32,599
1,499 5,099 282 27,918 15,000 12,918
1,250 4,250 233 23,267 - 23,267
1,000 3,400 181 18,619 - 18,619
750 2,550 140 13,960 - 13,960
10,496 35,696 3,010 194,390 20,000 174,390
Nepali Talim YouTube Channel
www.youtube.com/c/nepalitalimnepal
Calculation of Taxable Income and Tax Liability based on Income from Employment
प्राकृ तिक ब्यक्तिको पारिश्रमिक आय वा रोजगारीबाट भएको आयको आधारमा कर दायित्व गणना
Financial Year 2076-2077 (2019-2020)
Updated : 2076-04-01 _Ram Shrestha
Monthly

Dearness
S.No. Employee Name Designation Months Basic Allowance Providend Gratuity
Salary (COL) Fund (10%) (8.33%)

1 Mr. A Director 12 27,000 18,000 2,700 2,249

2 Mr. B S.Manager 12 24,000 16,000 2,400 1,999
3 Mr. C Manager 12 21,000 14,000 2,100 1,749
4 Mr. D Senior Officer 12 18,000 12,000 1,800 1,499
5 Mr. E Junior Officer 12 15,000 10,000 1,500 1,250
6 Mr. F Mgnt Trainee 12 12,000 8,000 1,200 1,000
7 Mr. G Assistant 12 9,000 6,000 900 750
TOTAL 126,000 84,000 12,600 10,496

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 3 lakhs which ever is less
4 This calculation vaild only for employee who not listed to SSF
 nepalitalim@gmail.com

Monthly (if increment) Lumpsum Yearly

Monthly Dearness Monthly

Gross Increment Months Basic Allowance Providend Gratuity Gross Dashain
Salary Salary (COL) Fund (10%) (8.33%) Salary Allowance

49,949 0% 0 - - - - - 27,000
44,399 0% 0 - - - - - 24,000
38,849 0% 0 - - - - - 21,000
33,299 0% 0 - - - - - 18,000
27,750 0% 0 - - - - - 15,000
22,200 0% 0 - - - - - 12,000
16,650 0% 0 - - - - - 9,000
233,096 - - - - - 126,000

hich ever is less

Lumpsum Yearly ANNUAL GROSS TOTAL
Annual
Dearness Assessable
Annual Health Basic Allowance Providend Gratuity Lumpsum Income
Bonus Insurance Salary (COL) Fund (10%) (8.33%) Yearly (A)

324,000 216,000 32,400 26,988 27,000 626,388

288,000 192,000 28,800 23,988 24,000 556,788
252,000 168,000 25,200 20,988 21,000 487,188
216,000 144,000 21,600 17,988 18,000 417,588
180,000 120,000 18,000 15,000 15,000 348,000
144,000 96,000 14,400 12,000 12,000 278,400
108,000 72,000 10,800 9,000 9,000 208,800
- - 1,512,000 1,008,000 151,200 125,952 126,000 2,923,152
626,388
 Approved Retirement Contribution Less
Allowable Adjusted
Total Deduction Taxable Annual
Reduction of Gross Taxable
Provident Fund Gratuity Retirement Under Sec 63 Income
(20%) (8.33%) Contribution Donation Income
(B) (A-B) (sec-12)
(Deposit)
64,800 26,988 91,788 91,788 534,600 - 534,600
57,600 23,988 81,588 81,588 475,200 - 475,200
50,400 20,988 71,388 71,388 415,800 - 415,800
43,200 17,988 61,188 61,188 356,400 - 356,400
36,000 15,000 51,000 51,000 297,000 - 297,000
28,800 12,000 40,800 40,800 237,600 - 237,600
21,600 9,000 30,600 30,600 178,200 - 178,200
302,400 125,952 428,352 428,352 2,494,800 - 2,494,800
 Further Reduction (Schedule 1) Remu
Iife
Remote Insurance ANNUAL Choose -Tax Social
Area Premium Allowable Remote Total TAXABLE Payer Status Security RT-10%
(Select) LIP Area Reduction INCOME Tax (1%) (100K)
(Actual)

E 25,000 25,000 10,000 35,000 499,600 Single 4,000 9,960

E 20,000 20,000 10,000 30,000 445,200 Single 4,000 4,520
B 15,000 15,000 40,000 55,000 360,800 Couple 3,608 -
N/A 18,000 18,000 - 18,000 338,400 Couple 3,384 -
N/A 17,000 17,000 - 17,000 280,000 Couple 2,800 -
N/A 20,000 20,000 - 20,000 217,600 Couple 2,176 -
N/A 10,000 10,000 - 10,000 168,200 Couple 1,682 -
- 125,000 125,000 60,000 185,000 2,309,800 21,650 14,480
 CALCULATION OF TAX LIABILITY
Remunration Tax Medical Tax
Credit
Gross Single (15% of Annual Monthly Tax
RT-36% Total Tax Woman Net Tax Liability
RT-20% RT-30% (Above 20 Remunration Annual
(200K) (<=20 Lakhs) Liability Tax Credit Liability (12 Months)
Lakhs) Tax Medical
Exp)
- - - 9,960 13,960 - - 13,960 1,163
- - - 4,520 8,520 - - 8,520 710
- - - - 3,608 - - 3,608 301
- - - - 3,384 - - 3,384 282
- - - - 2,800 - - 2,800 233
- - - - 2,176 - - 2,176 181
- - - - 1,682 - - 1,682 140
- - - 14,480 36,130 - - 36,130 3,010
 Monthly Assessment for Remaining Month

Paid Total Not Paid Monthly

Months TDS Months Tax
Paid
#
- 12 1,163
- 12 710
- 12 301
0 - 12 282
- 12 233
- 12 181
- 12 140
0 - 3,010
Nepali Talim YouTube Channel
www.youtube.com/c/nepalitalimnepal
Statement of Monthly TDS
Financial Year 2076-2077 (2019-2020)
Updated : 2076-04-01

S.No. Employee Name Designation # Srawan 2076 Bhadra 2076 Aswin 2076 Kartik 2076
1 Mr. A Director 73.00 73.00 - -
2 Mr. B S.Manager - - - -
3 Mr. C Manager - - - -
4 Mr. D Senior Officer - - - -
5 Mr. E Junior Officer - - - -
6 Mr. F Mgnt Trainee - - - -
7 Mr. G Assistant - - - -
TOTAL 73.00 73.00 - -
Mangsir 2076 Poush 2076 Magh 2076 Falgun 2076 Chaitra 2076 Baishak 2077 Jestha 2077 Ashadh 2077
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
ANNUAL TOTAL
146.00
-
-
-
-
-
-
146.00
 Nepali Talim- Pay Scale 2076-2077
Grade/Levels Grade/Level 1 2 3 4 5 6 7 8 9 10
A Directors 45,000 47,250 49,613 52,094 54,699 57,434 60,306 63,321 66,487 69,811
B Senior Manager 40,000 42,000 44,100 46,305 48,620 51,051 53,604 56,284 59,098 62,053
C Managers 35,000 36,750 38,588 40,517 42,543 44,670 46,904 49,249 51,711 54,297
D Senior Officers 30,000 31,500 33,075 34,729 36,465 38,288 40,202 42,212 44,323 46,539
E Junior Officers 25,000 26,250 27,563 28,941 30,388 31,907 33,502 35,177 36,936 38,783
F Mgnt Trainee 20,000 21,000 22,050 23,153 24,311 25,527 26,803 28,143 29,550 31,028
G Assistant 15,000 15,750 16,538 17,365 18,233 19,145 20,102 21,107 22,162 23,270

Annual Increment -5%

 11 12
73,302 76,967
65,156 68,414
57,012 59,863
48,866 51,309
40,722 42,758
32,579 34,208
24,434 25,656
 Nepali Talim YouTube Channel
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Personal Tax Rates for FY 2076-2077 (2019-2020)
Only for Employee who not listed to SSF
Nepal Budget Year 2076/77
Slab Rate for Natural Person
Individual (Single)
Particulars Notes Slab Amount (NPR.) Slab Rate
(Taxable Income)
1. First Slab -Social Security Tax 400,000 400,000 1% 4,000
2) 2nd Next-Remunration Tax 400,000+100,000=500,000 100,000 10% 10,000
3) 3rd Next 500,000+200,000=700,000 200,000 20% 40,000
4) 4th Next-Up to 20 Lakhs 2,000,000-700,000=13,00,000 1,300,000 30% 390,000
5) Balance Exceeding (More than) 20 Lakhs above 2,000,000 *36 %
1. Tax Rebate : Female Tax Credit 10% for Single Female

Slab Rate for Natural Person

Couple (Married)
Particulars Notes Slab Amount (NPR.) Slab Rate
(Taxable Income)
1. First Slab -Social Security Tax 450,000 450,000 1% 4,500 445,500
2) 2nd Next-Remunration Tax 4,50,000+1,00,000=5,50,000 100,000 10% 10,000 90,000
3) 3rd Next 5,50,000+2,00,000=7,50,000 200,000 20% 40,000 160,000
4) 4th Next-Up to 20 Lakhs 20,00,000-7,00,000=12,50,000 1,250,000 30% 375,000 875,000
5) Balance Exceeding (More than) 20 Lakhs above 2,000,000 *36 %

!= kfl?>ldsdf cfwfl/t ;fdflhs ;'/Iff s/ ! k|ltzt

@= kfl?>lds s/ !), @), #), #^ kltzt
Note : 1% Social Security Tax and Rest -Remunration Tax
* If the natural person has taxable income of above Rs. 20 lakhs (2 Million), additional tax shall be paid at the rate
of 20% on the tax amount calculated after applying 30% tax rate.
36% Why (How it Comes)
1. First Calculate 30% 30%
2. Add 20% of Additional Tax on
(30% tax liability amount on more than 20 lakhs) (20% of 30%)
6%
Rate for More than 20 Lakhs 36%

Notes :
1.Less : Allowable
2. Reduction Retirement Contribution for Decution Under Sec 63 (B) : Whichever is less amount Max 3 Lakhs or Deposit or 1/3 of Assesible income
of Donation
(sec-12)
3. Further Reduction (Schedule 1) : LIP 25000 and Remoteness Allowance : Remote area A-50,000
sible income
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 : Ram 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 71,877.00
1.2 Provident Fund (10%) 7,188.00
1.3 Gratuity (8.33%) 5,987.00
Gross Total 85,052.00
Deduction : Retirement Fund
1.1. Citizen Investment Trust / (20%) 14,376.00
1.2 Gratuity (8.33%) 5,987.00
Total Deduction 20,363.00
Net Salary Payable before TDS 64,689.00
Deduction : Tax Deducted at Source (TDS) 16,674.00
Monthly Net Total Payable 48,015.00
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
MONTHLY Less: Retirement Fund Contribution
Employee
Provident Gratuity GRATUITY TOTAL
S.No. Employee Name Designation BASIC SALARY Fund (10%) (8.33%) GROSS Provident Fund (8.33%) DEDUCTION
1 - - - SALARY - (20%) - - -
2 - - - - - - -
3 - - - - - - -
4 - - - - - - -
5 - - - - - - -
6 - - - - - - -
7 - - - - - - -
9 - - - - - - -
10 - - - - - - -
11 - - - - - - -
12 - - - - - - -
13 - - - - - - -
14 - - - - - - -
15 - - - - - - -
TOTAL - - - - - - -
 LESS : Gross Monthly LESS : Net Monthly
TDS Payable ADVANCE Payable
(Salary Tax) - SALARY -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- - - -