Nepal Tax Tables 2022 (2078) - Tax Rates and Thresholds in Nepal
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This page contains the tax table information used for the calculation of tax and payroll deductions in Nepal in 2022. These tax tables are used for the tax and payroll calculators published on iCalculator™ NP, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Nepal or would like to add to or suggest amendments to the information herein then please contact us.
2022 Tax Tables [Quick Links]
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Nepal Personal Income Tax Tables in 2022 (2078)
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 2022.
Nepal Residents Income Tax Tables in 2022 (2078): Individual Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 1% | Income from $ 0.000.00 | to | $ 400,000.00 |
| 10% | Income from $ 400,000.01 | to | $ 500,000.00 |
| 20% | Income from $ 500,000.01 | to | $ 700,000.00 |
| 30% | Income from $ 700,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | | and above |
Nepal Residents Income Tax Tables in 2022 (2078): Couple Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 1% | Income from $ 0.000.00 | to | $ 450,000.00 |
| 10% | Income from $ 450,000.01 | to | $ 550,000.00 |
| 20% | Income from $ 550,000.01 | to | $ 750,000.00 |
| 30% | Income from $ 750,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | | and above |
Nepal Non-Residents Income Tax Tables in 2022 (2078): Individual Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 1% | Income from $ 0.000.00 | to | $ 400,000.00 |
| 10% | Income from $ 400,000.01 | to | $ 500,000.00 |
| 20% | Income from $ 500,000.01 | to | $ 700,000.00 |
| 30% | Income from $ 700,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | | and above |
Nepal Non-Residents Income Tax Tables in 2022 (2078): Couple Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 1% | Income from $ 0.000.00 | to | $ 450,000.00 |
| 10% | Income from $ 450,000.01 | to | $ 550,000.00 |
| 20% | Income from $ 550,000.01 | to | $ 750,000.00 |
| 30% | Income from $ 750,000.01 | to | $ 2,000,000.00 |
| 36% | Income from $ 2,000,000.01 | | and above |
Income Tax in Nepal in 2022 (2078)
If you are an not famliar with Nepal, you may be wondering why the tax year is showing at 2022 and not 2078/2079. The answer is that the tax year in Nepal is 2078 (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 2078 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.
In Nepal, social security deductions made by employees for contributions to the Social Security Fund (SSF) are deductible for the purpose of calculating taxable income. This means that the amounts contributed towards social security by employees can be subtracted from their gross income before the income tax is calculated. This provision helps to reduce the taxable base of employees, potentially lowering their overall tax burden and encouraging participation in the social security programs.
Nepal Social Security and Payroll Deduction Rates in 2022 (2078)
In Nepal, the social security and payroll deduction system is a key component of the employment landscape, aimed at providing financial security and benefits to employees while also ensuring that employers contribute to the welfare of their workforce. This system is managed by the Social Security Fund (SSF), established under the Social Security Act, to administer and implement social security schemes for the working population. The contributions made by both employees and employers fund various benefits, including retirement, medical treatment, maternity, accident, and disability coverages.
Nepal Social Security in 2022 (2078): Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
Nepal Social Security and Payroll Deduction in 2022 (2078): Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
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| Min. | Max. | Min. | Max. |
|---|
Nepal VAT Rates in 2022
VAT rates for Nepal are reviewed annually, you can use the VAT Calculator to calculate VAT due in Nepal or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Nepal VAT Rates| VAT Rate | VAT Description |
|---|
| 15% | Standard Rate |
Historic Tax Tables supported for Nepal
The following tax tables are supported by iCalculator™ NP as part of the suite of free tax tools we provide for Nepal.