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.

 


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