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Elective Taxation In Nepal

Taxation In NepalTU Board 2080

Mr. Nepal is a retired government employee and received pension income Rs. 652,000 including one month equal Dashain allowance. Required: Tax liability of Mr. Nepal.

2

Answer

· Based on the official syllabus and past papers
Updated
Mr. Nepal's Tax Calculation (FY 2079/80) - Family StatusDr.Cr.**Gross Pension Income (Rs.)**0**Less: Dashain Allowance (1/12)**0**Taxable Income**0**Tax-Free Allowance (Family Status)**0**Tax on Remaining Income (20%)**0**Total Tax Liability**0
Tax calculation breakdown for Mr. Nepal (FY 2079/80) with corrected Dashain allowance (1/12 of Rs. 652,000 = Rs. 54,333.33)

Mr. Nepal’s tax liability is calculated as follows:

  1. Gross Pension Income: Rs. 6,50,000
  2. Dashain Allowance (1/12): Rs. 54,167 (exempt)
  3. Taxable Income: Rs. 5,95,833
  4. Tax Calculation:
    • First Rs. 2,00,000 @ 10% = Rs. 20,000
    • Remaining Rs. 3,95,833 @ 20% = Rs. 79,167
  5. Total Tax Liability: Rs. 99,167 (rounded to nearest rupee).

Note: Assumes single family status (no dependents). If married with dependents, tax liability would differ.

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