In association with
Logo Logo Logo

Only five percent tax on retirement money of govt employees


KATHMANDU:- The Supreme Court has issued an order that only five percent tax could be imposed on the money and incentives the government employees get in the retirement. The full text of the verdict was released on Wednesday.

Earlier, two months back, a division bench of Justices Ishwor Khatiwada and Nahakul Subedi had issued the verdict to this regard.

Before the verdict, the government was imposing 15 percent tax on the money and incentives government employees were entitled in the retirement as per Income Tax, 2058. The employees of the Rastriya Banijya Bank had filed a case against provision of 15 percent tax.

With the verdict, the Section 65 of Income Tax Act, 2058 is cancelled and Section 88 (1 proviso) of the Act is implemented for the 5 percent tax.

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

Comment here !
Related News

KATHMANDU:- Strong winds in Kailali have caused damaged to houses as well as banana plantation farmers on Saturday evening. Two

KATHMANDU:- Commander of the United States Army Pacific Command (USARPAC) US general Charles A Flynn has arrived in Nepal on

BARDIYA:- An agreement has been made to form an all-side committee to probe into the killing of an individual in

JUMLA:- Chief returning officer at Jumla, Jawahar Prasad Singh, has informed that election to the new leadership of District Coordination


Headlines
Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point
Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point
Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point