Hi, can any of my Nepali friend can explain me how taxes are imposed on fixed deposits?

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4 responses to “Hi, can any of my Nepali friend can explain me how taxes are imposed on fixed deposits?”

1. 

   October 1, 2023

   [deleted]

   U r interest income is taxable five percent is deducted in return

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2. 

   October 1, 2023

   berojgar_keto

   5% will be deducted on any interest you earn

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3. 

   October 1, 2023

   CAKaiLAW

   5% final withholding tax meaning the tax will be deducted when the interest is paid out and the one who receives does not need to do anything.

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4. 

   October 1, 2023

   V20FTW

   Suppose.
   Fixed deposit amount rs 100000,
   Interest rate 10% annually,
   Interest paid out period monthly or quarterly(3 months),
   If monthly then 100000*.1= 10000, 10000/12= 833.33 per month, then 5% capital gain tax is imposed so 833.33*.95= rs791.66

   Reply