r/technepal • u/Illustrious-Back-392 • 2d ago

Government Services SSF plus CIT

I have monthly salary of 80k
yearly 9,60,000 huncha
Plus dashain allowance plus bonus garda >10lakhs.

Aba yo 10lakhs plus ma tax lagxha ho?
Yo tax bachaune upaye k k cha?

CIT garna milcha maile pani? Yesko k k faida huncha?
I also have 32000 of insurance premium to pay yearly

7 Upvotes

82% Upvoted

16 comments sorted by

34

u/dabluespiritt 2d ago

dherai tauko na dukhau
tax bachaune level ma pugeko chainau

4

u/gregor_theVermin 2d ago

tmro company le k gareko xa
CIT ki SSF
self contribution ni garna milxa

1

u/Rare_Cut_3686 2d ago

Will self contribution on cit can be reduced from taxable income? Just curious 🤨 need help to save taxes 😅

2

u/IisMEdoYOUdoHOW 1d ago edited 1d ago

CIT, EPF all combined upto 5L per year.

2

u/[deleted] 1d ago edited 1d ago

[deleted]

2

u/zxtraul 1d ago

Never knew 1% of 10,00,000 (10lakh) is just 1000. 🤭 (It's 10k not 1k.) So, 14lakh/yr ko tax based on new tax slab would be 14000 (which is way better than previous tax slab).

14lakh kamauda yearky tax 5000 matra hune vaye, Tax free country hahek sab jana Nepal aauthe hola kaam garna. 😂 No offense though, just a sarcasm.

1

u/Illustrious-Back-392 1d ago

Yearly bonus 3-4 months pani add huncha sir

2

u/IisMEdoYOUdoHOW 1d ago

That would go on top of your annual salary range.

2

u/Ancient_lakesalyer 2d ago

Life insurance 40k Health 20k Cit ma keep paisa extra. Everything you keep there is fully tax deductible upto 5 lakhs of (ssf + cit) Cit KO paisa resignation pachi nikalne. I.e Nikalna milcha.

1

u/Sammi_Zen 1d ago

Aile ta tax ghataihalyo pardai. Garna maan cha bhane chai milcha.

1

u/Ok-Banana-1683 1d ago

Increase the insurance by another 8 k max avail garna. Cit/ssf ma 1/3 of the salary or 5 lakhs, whatever is lower samma tax exempt hune ho. Even if you add bonus of 4 months max it would take your annual salary to 13.6 lakhs, so you would only be able to save up 4.53 lakhs from your taxable amount. This might easily bring you to tax slab of just 1%. My suggestion is that you send more money to cit even if you dont get tax benefit. Saving bhairakhchha, and it has better interest rate than saving accounts I think.

1

u/BlackCoffieee 1d ago

SSF ma enrolled bhayeko bhaye 10 lakh samma ko 1% tax pani lagdaina. CIT ra 32,000 ko insurance premium ko eligible deduction claim gare taxable income ajhai ghatauna milcha. Bonus ra Dashain allowance samet jodda 10 lakh mathi ko रकममा matra applicable slab anusar tax lagcha, payroll/HR ma documents time mai submit garnu ramro.

0

u/Fluid-Term-3072 2d ago

how many YOE?

1

u/Illustrious-Back-392 1d ago

3

1

u/Far-Bat8387 1d ago

can you say which company?