
Bonus and Festival Expense in Nepali Payroll
Festival expense is one month's basic for every worker, every year. Bonus is 10% of net profit, only if you made one. Two obligations, two statutes, two deadlines.
Every NepalHRM article tagged #tax.

Festival expense is one month's basic for every worker, every year. Bonus is 10% of net profit, only if you made one. Two obligations, two statutes, two deadlines.

Why the basic figure decides almost everything on a Nepali payslip, what the 60% convention really is, and how gross becomes in-hand pay. With worked numbers.

Every amount a departing employee is owed in Nepal, the fifteen day deadline in Section 148, and the penalty that keeps the salary running if you miss it.

eTDS is the electronic TDS statement every withholding agent lodges with the IRD within 15 days of month end. What goes in it, how it is submitted, and the late fee.

How to work out monthly TDS on a Nepali salary: annualise, apply the slabs, divide by twelve. Plus the deposit deadline and what the employer owes if it skips it.

PF, CIT and SSF all reduce taxable income, but only to a point. What each one costs, what the NPR 500,000 ceiling does, and which combination actually leaves more.

Every payroll deadline for FY 2083/84 in one place: TDS at 15 days, SSF at 25, the labour audit in Poush, bonus by Falgun, and the returns in between.

The four journal entries a Nepali payroll month produces, why the employer's contribution is an expense and not a deduction, and the three checks that catch errors.

The FY 2083/84 budget merged the single and couple tables, raised the 1% band to NPR 1,000,000 and cut the top rate to 29%. The full table, with worked examples.
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