Salary Tax Calculator

Salary Tax Calculator is a tool to calculate personal income tax in Nepal to determine the tax liability for a specific financial year.

Darta Nepal’s Salary Tax Calculator tool is designed to calculate up to the new salary tax announced during Budget Announcement of 2081/2082.

This tool will calculate the tax based on the inputs provided, taking into account the relevant deductions. The output will then be shown below this table.

The output will classify taxable income into various categories based on the different rate of taxes applicable.

Instructions to Use Salary Tax Calculator

To use the Salary Tax Calculator by Darta Nepal, first you need to fill the form and then click on the Submit button.

Your result is displayed below the Calculator form.

Input Fields of Salary Tax Calculator

Here’s the detail about all the input fields of this Calculator to calculate Salary Tax in Nepal up to the fiscal year of 2081/82.

1. Financial Year

Select the financial year for which you want to calculate the tax. You can select a fiscal year from 2075-76 to 2081-82.

2. Marital Status (Tax)

Choose your opted marital status from the dropdown.

Marital status can be different from actual marital status. A married person may also opt to select ‘Single’ status for tax if beneficial.

3. Eligible for Female Remuneration Tax Credit (FRTC)?

Select “Yes” if you are eligible for the Female Remuneration Tax Credit, or “No” if you are not. 

4. Annual Income

Enter your total annual income in the designated box. This is your gross income before any deductions.

5. Employees Provident Fund (EPF) Contribution

Enter the amount you have contributed to the Employees Provident Fund (EPF). This is a retirement benefit plan that can be deducted from your taxable income.

6. Citizen Investment Trust (CIT) Contribution

Input your contributions to the Citizen Investment Trust (CIT). 

7. Social Security Fund (SSF) Contribution

If you have contributed to the Social Security Fund (SSF), enter the amount here.

8. Life Insurance Premium

Enter the total premium paid for life insurance policies. 

9. Medical Insurance Premium

Fill in the amount paid for medical insurance premiums. 

10. Submit

Once all the relevant fields are filled out, click the “Submit” button to calculate your tax.

This form will calculate the tax based on the inputs provided, taking into account the relevant deductions. The output will then be shown below this table. The output will classify taxable income into various categories based on the different rate of taxes applicable.

Who is This Salary Tax Calculator For?

The salary tax calculator is designed for individuals who need to calculate their personal income tax in Nepal. It is particularly useful for salaried employees who want to determine their tax liability for a specific financial year. 

This tool is primarily designed for the following groups:

1. Salaried Individuals

Employees: This tool helps salaried employees calculate their personal income tax based on their annual income, contributions to retirement and insurance funds, and any applicable deductions.

2. Employers

Human Resources and Payroll Departments: Employers can use this calculator to ensure accurate tax deductions from their employees’ salaries. It helps in computing the tax withholding amounts that need to be deducted each month or year, ensuring compliance with tax regulations.

3. Tax Consultants and Accountants:

Advisors and Preparers: Tax professionals who assist salaried individuals or companies in preparing tax returns can use this calculator to determine the correct tax liability based on the provided income and contributions.

Overall, the tool is versatile and can be used by anyone involved in the process of salary tax calculation, whether they are the taxpayer (salaried person) or a professional handling payroll and tax matters.

Also use our other tools: VAT Fine Calculator and OCR Fine Calculator.

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