PadhaiBy Astra Cloud
Search notes and questions
Ask a doubtProgramsNoticesGPA calculatorMy studyClassroom

Tribhuvan University

BSc CSITBachelor of Science in Computer Science and Information TechnologyBCABachelor of Computer ApplicationBITBachelor of Information TechnologyBIMBachelor of Information ManagementBBABachelor of Business AdministrationBBSBachelor of Business StudiesBBMBachelor of Business ManagementBITMBachelor of Information Technology Management

Pokhara University

BE Computer (PU)Bachelor of Engineering in Computer EngineeringBBA (PU)Bachelor of Business Administration (Pokhara University)

National Examinations Board (+2)

Class 10Class 10 (SEE)+2 Science+2 Science (Class 11 and 12)+2 Management+2 Management (Class 11 and 12)+2 Humanities+2 Humanities (Class 11 and 12)
All universities and programs

Elective Taxation In Nepal

Taxation In NepalTU Board 2082

Mr. Nepal is retired government employee and received pension income Rs. 612,500 including one month equal Dashain allowance. Required: Compute tax liability with explanation.

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
Corrected tax calculation breakdown for Mr. Nepal (FY 2079/80) with accurate Dashain allowance deduction (1/12 of Rs. 612,500 = Rs. 51,042)

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.

Discussion

Loading…

More Taxation In Nepal questions

Define direct tax with example.TU Board 20822What do you mean by “Non chargeable business assets”?TU Board 20822Explain the meaning of “Canon of Certainty”?TU Board 20822What do you mean by Permanent Account Number (PAN)?TU Board 20822Briefly describe the provision related to quantification of accommodation facilities provided to an employee.TU Board 20822William is foreign citizenship holder arrived in Nepal on 1st Falgun, and stayed in Nepal at the end of Ashadh of previous income year. He earned in Nepal Rs.…TU Board 20822

All Taxation In Nepal old questions