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IRD is centrally located in Kathmandu. There are 84 field offices throughout Nepal including 1 Large Taxpayers Office,1 Medium Level Taxpayers Office, 43 Inland Revenue Offices and 39 Taxpayer Service Offices. [3] The previous Department of Taxation was established in 1960. IRD and its district offices are totally running on functional line.
The concept of VAT in Nepal was introduced in FY 2049/50 but the act was developed in BS 2050. VAT was implemented in 1998 and is the major source of government revenue. It is administered by the Inland Revenue Department of Nepal.
Scheme II (without deductions) + 12% of basic salary for epf or social security : 30% ₹ 1,000,001 & + Scheme I (with deductions) 30% ₹ 1,500,001 & + Scheme II (without deductions) + 12% of basic salary for epf or social security . 4% cess [clarification needed] and highest surcharge of 25% is applied on income tax. This makes the effective ...
How much should you pay yourself? Small business owners in the United States make between $83,000 to $126,000 on average, depending on their industry and location. Keep in mind that many business ...
But even if you have the same salary as someone, that doesn't mean you will have the same net pay. Net pay is affected by certain taxes, benefits, wage garnishments and other deductions.
Form 16: Form 16 is a certificate where the employer declares details about the salary an employee earned during the year and details of deducted TDS. Form 16 has two parts Part A and Part B. Part A consists of employer and employee details, which include name, address, PAN , TAN details, employment period, and details of TDS deducted ...
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
Financial statements are a structured representation of the financial positions and financial performance of an entity. The objective of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions.