Suppose Income of Individual (Male, Unmarried) Per Year (2079/080)
Salary Income: NPR 20,00,000
Employer's contribution to SSF: NPR 200,000
Deductions: Social Security Fund (Total) = NPR 310,000
Life Insurance Premium: NPR 50,000
Here, Taxable Income = NPR 22,00,000 - NPR 310,000 (SSF) - NPR 40,000 (Life Insurance Premium)
Salary Tax Computation: Taxable Income = NPR 18,50,000
1. 500,000 x 0% (Since Registered with SSF, No SST applicable)
2. 200,000 x 10% = (NPR 20,000)
3. 300,000 x 20% = (NPR 60,000)
4. 850,000 x 30% = NPR 255,000
Total Tax = NPR 335,000
TDS Per Month = 335,000/ 12 = 27,916.67 or NPR 27,917 per month.
