Salary & Income Tax Studio
Multi-country tax assessment engine with slab-by-slab breakdown
Allowable Insurance & Rebate Deductions (IRD Rules)
Exact Slab-by-Slab Tax Calculation Breakdown (Nepal IRD Rules)
Review how your income progresses through each escalating tax slab and where every rupee of tax goes.
| Tax Slab / Income Bracket | Taxable Amount in Slab | Applicable Slab Rate | Tax Incurred |
|---|---|---|---|
| First रु 10 Lakh | रु 9,43,450 | 0% | रु 0 |
| Total Annual Tax Liability | रु 9,43,450 | Effective: 0% | रु 0 |
Comprehensive Fiscal Year Tax Rules & Slabs Guide (Nepal vs. India)
Explore exact income tax brackets, exemptions, and budget changes for Nepal Inland Revenue Department (IRD FY 2081/82 & 2080/81) and India Union Budget (FY 2024-25 New Regime).
🇳🇵 Nepal IRD Tax Rules & Slabs (FY 2081/82)
In Nepal, individuals are taxed on progressive income brackets depending on their filing status (Single or Married Joint). A major benefit of joining the **Social Security Fund (SSF)** is a **100% exemption on the 1% Social Security Tax** on your first income slab!
- Slab 1 (Up to रु 5 Lakhs): 1% SST (or 0% if SSF registered)
- Slab 2 (रु 5 to 7 Lakhs): 10% on next रु 2 Lakhs
- Slab 3 (रु 7 to 10 Lakhs): 20% on next रु 3 Lakhs
- Slab 4 (रु 10 to 20 Lakhs): 30% on next रु 10 Lakhs
- Slab 5 (रु 20 to 50 Lakhs): 36% (30% + 20% surcharge)
- Slab 6 (Above रु 50 Lakhs): 39% (30% + 30% max surcharge)
🇮🇳 India Union Budget Tax Slabs (FY 2024-25 New Regime)
The **New Tax Regime** (Budget 2024) is now the default option in India. It increased the **Standard Deduction from ₹ 50,000 to ₹ 75,000** for salaried employees and provides a **full tax rebate under Section 87A up to ₹ 7,00,000** of taxable income!
- Up to ₹ 3,00,000: 0% (Nil)
- ₹ 3 to ₹ 7 Lakhs: 5% (100% rebated if income ≤ ₹ 7L)
- ₹ 7 to ₹ 10 Lakhs: 10%
- ₹ 10 to ₹ 12 Lakhs: 15%
- ₹ 12 to ₹ 15 Lakhs: 20%
- Above ₹ 15 Lakhs: 30% + 4% Cess