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. Reply
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
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Earnmoney.com.np
Earnmoney.com.np
U r interest income is taxable five percent is deducted in return
5% will be deducted on any interest you earn
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.
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