Income Tax Rate for 2075/76 Employment Tax for Couple and Single
Direct Tax – Employment Tax - Income Tax Rates- Schedule 1
Fiscal Year 2075/76
|
Income Slab |
Rate of Tax |
|---|---|
|
First Rs. 350,000 |
1% |
|
Next Rs. 100,000 |
10% |
|
Above 200,000 |
20% |
| Above 650,000 | 30% |
|
If the taxableincome is above Rs2,000,000 |
20% additional tax on the tax amount calculated under 30% slab above (applicable only in the income above 2,000,000) |
Fiscal Year 2074/75
|
Income Slab |
Rate of Tax |
|
First Rs. 350,000 |
1% |
|
Next Rs. 100,000 |
15% |
|
Above 450,000 |
25% |
|
If the taxable income is above Rs 2,500,000 |
40% additional tax on the tax amount calculated under 25% slab above (applicable only in the income above 2,500,000) |
|
Provision of 10% exemption is made to female employees. |
|