KATHMANDU — The government has revised income tax slab to all Nepalis. Presenting the annual budget for fiscal year 2073/74 in the Parliament Saturday Finance Minister Bishnu Paudel announced raised of annual slab of income tax to Rs 350,000 for a single person and to Rs 400,000 for a married couple.
Now, a dingle individual earning Rs 29,167 a month and a wedded couple winning Rs 33,333 a month won’t need to file income tax from the upcoming fiscal 2016-17 according to new budget.
The existing individual income tax slab for a single person is Rs 250,000 and for a married couple is Rs 300,000.
Changes were made to the existing income tax slab along with salary increment for government staffers. The government has also increased the salary of government staffers by 25 per cent, which will be come into force from the next fiscal.
Although the new fiscal year will begin after one-and-a-half months, the new tax provisions of customs, excise, infrastructure tax and road maintenance tax set by the Financial Bill will come into effect from Saturday itself.Follow @gorkhapost
First Roland Macaulay Cup to start on November 21
BIRATNAGAR— The First Roland Macaulay Cup is being held in the capital on November 21-24.
To be organized by the Cricket Association of the Blind, Nepal, cricket clubs–Myagdi, Jhapa, Bardiya and Tribhuvan Army–will participate in the First Roland Macaulay Cup twenty20 cricket tournament, said Pawan Ghimire, the Central President of the Association at a press conference here.
The estimated budget is approximately Rs 750,000. The opening match will be held between Jhapa and Bardiya, said the organizer.Follow @gorkhapost