⚡ Budget Speech 2083/84 — Point 7 (Verified)
"To reduce the tax burden, the income tax exemption limit has been doubled to Rs. 10 lakhs for individuals. The maximum personal income tax rate has been reduced by 10 percentage points."Nepali: "करको बोझ घटाउन आयकर छुटको सीमा दोब्बर गरी व्यक्तिका लागि दश लाख रुपैयाँ पुर्याइएको छ। व्यक्तिगत आयकरको अधिकतम दरलाई दश प्रतिशत बिन्दुले घटाइएको छ।"
What Changed — At a Glance
| Item | Old FY 2082/83 | New FY 2083/84 |
|---|---|---|
| Individual exemption | Rs. 5,00,000 | Rs. 10,00,000 (doubled) |
| Couple exemption | Rs. 6,00,000 | Couple concept REMOVED |
| Top tax rate | 39% | 29% (reduced by 10pp) |
| SSF first slab | 1% on first Rs.5L | 0% on first Rs.10L |
| Non-SSF first slab | 1% on first Rs.5L | 1% on first Rs.10L |
Complete New Tax Slabs — FY 2083/84
| Annual Income (NPR) | Non-SSF | SSF | Cumulative Tax (Non-SSF) |
|---|---|---|---|
| Up to Rs. 10,00,000 | 1% | 0% | Rs. 10,000 |
| Rs. 10L–15L | 10% | 10% | Rs. 60,000 |
| Rs. 15L–25L | 20% | 20% | Rs. 2,60,000 |
| Rs. 25L–40L | 27% | 27% | Rs. 6,65,000 |
| Above Rs. 40L | 29% | 29% | Rs. 6,65,000 + 29% |
Real Examples
Example 1 — Rs. 60,000/month (Rs. 7.2L/year)
Non-SSF tax: Rs. 7,20,000 × 1% = Rs. 7,200/yearSSF tax: Rs. 0 — fully exempt
Old tax was Rs. 22,000 → Saving: Rs. 14,800/year
Example 2 — Rs. 1,50,000/month (Rs. 18L/year)
Rs. 10L × 1% = Rs. 10,000 | Rs. 5L × 10% = Rs. 50,000 | Rs. 3L × 20% = Rs. 60,000Total: Rs. 1,20,000/year — Monthly TDS: Rs. 10,000
Old tax was ~Rs. 1,90,000 → Saving: ~Rs. 70,000/year
Why This Matters
By doubling the exemption threshold, millions of salaried Nepalis — teachers, nurses, police, lower-grade government staff — pay dramatically less or zero tax. This directly increases disposable income, boosts domestic consumption, and supports the government's 7% GDP growth target.
✅ Merits
Immediate relief for all Rs.5L–10L earners
SSF enrollment saves extra Rs.10,000/year
Single schedule eliminates couple vs individual complexity
Higher disposable income boosts domestic consumption
⚠️ Risks
Direct tax revenue shortfall in FY 2083/84
Informal sector workers benefit less immediately
Action Steps
- Enroll in SSF if not already — saves Rs.10,000/year on first slab
- Update TDS with employer from Shrawan 1, 2083 BS
- Use TaxNepal Calculator for exact liability
- File for refund at IRD Nepal if you overpaid in FY 2082/83
⚡ बजेट भाषण — बुँदा ७
"करको बोझ घटाउन आयकर छुटको सीमा दोब्बर गरी व्यक्तिका लागि दश लाख रुपैयाँ पुर्याइएको छ। व्यक्तिगत आयकरको अधिकतम दरलाई दश प्रतिशत बिन्दुले घटाइएको छ।"
मुख्य परिवर्तन
| विषय | पुरानो (२०८२/८३) | नयाँ (२०८३/८४) |
|---|---|---|
| व्यक्तिगत छुट | रू. ५,०,० | रू. १०,०,० |
| दम्पती अवधारणा | छुट्टै तालिका | हटाइयो |
| उच्चतम दर | ३९% | २९% |
उदाहरण — रू. ७.२L/वर्ष
SSF छैन: रू. ७,२० कर | SSF छ: रू. ० — पूर्ण छुटपहिले रू. २२,० तिर्नु पर्थ्यो → बचत: रू. १४,८०
अब के गर्ने?
- SSF मा भर्ना भएर वार्षिक रू. १०,० बचाउनुहोस्
- श्रावण १, २०८३ देखि नयाँ TDS दर लागू हुन्छ — रोजगारदातालाई भन्नुहोस्
- TaxNepal क्याल्कुलेटर प्रयोग गर्नुहोस्
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Calculate Your Tax — Finance Act 2083/84
आफ्नो कर हिसाब गर्नुहोस्
Free Nepal Tax Calculator — correct slabs: 1%/10%/20%/27%/29%. SSF benefit. Old vs new comparison.
निःशुल्क कर क्याल्कुलेटर — सही दर: १%/१०%/२०%/२७%/२९%। SSF फाइदा।
Open Tax Calculatorक्याल्कुलेटर खोल्नुहोस्AI-Generated Content Disclaimer: Created with AI assistance (Claude by Anthropic) and verified against the official Nepal Budget Speech 2083/84 presented by Finance Minister Dr. Swarneem Wagle on Jestha 15, 2082 BS (May 29, 2025) and Google NotebookLM extraction. For professional advice: IRD Nepal · MOF Nepal.