New Rates of Tax for Resident Natural Person For FY 2075/076 || Business Partner Nepal.

Amendment in Income Tax Act, 2058

New Rates of Tax for Resident Natural Person For FY 2075/076

Single		Couple
First 350,000	1%	First 400,000	1% *
Next 100,000	10%	Next 100,000	10%
Next 200,000	20%	Next 200,000	20%
Next 13,50,000	30%	Next 13,00,000	30%
Balance	36% (30*120%)	Balance	36% (30*120%)

*1% tax is not applicable for:

• Proprietorship firm (business income)
• Investment Income
• Pension income; and
• A natural person who contributes to a contributory pension fund (new Provison)