Nepal, located in South Asia, shares boundaries with India and China. It has a traditional economic system and a majority of the population engages in subsistence agriculture. This particular economic sector has employed about 65% of its working population. Despite the country’s challenges with poverty and reliance on remittances, Nepal has managed to strive towards economic growth since the 1950s through a series of five-year plans.
Kathmandu, Pokhara, Lalitpur
Digital Literacy, Public Speaking, Web/App Development, Design
The local universities of Nepal with local and world rank are mentioned below
The average monthly salary of some jobs in Nepal are:
|Job Title||Average Monthly Salary (NPR)||Average Monthly Salary (USD)|
|Financial Accountant||57,800NPR||438 USD|
|Software Engineer||75,900 NPR||575 USD|
|Data Analyst||73,400 NPR||556 USD|
|Sales Manager||126,000 NPR||954 USD|
|Project Manager||87,800 NPR||665 USD|
The payroll cycle in Nepal is monthly. However, it can be weekly or bi-weekly based on the mutual agreement.
The minimum wage in Nepal is NPR 8,000 per month.
Pay should be 150% the regular pay for overtime work.
There is no statutory law for 13th Month pay in Nepal.
For every 20 days of work, an employee is entitled to 1 day of leave.
All employees who have worked in the company for 1 year are entitled to 15 days of half-paid sick leaves.
Not mandatory. However, 15 days of paternity leave is customary.
Employees who have been in the company for a year are entitled to 13 days of mourning leaves.
|For Individuals||For Couples|
|Annual Taxable Income||Tax Rate||Annual Taxable Income||Tax Rate|
|Upto 4,00,000||1%||Upto 4,50,000||1%|
|Next 1,00,000||10%||Next 1,00,000||10%|
|Next 2,00,000||20%||Next 2,00,000||20%|
|Next 13,00,000||30%||Next 12,50,000||30%|
|Above 20,00,000||36%||Above 20,00,000||36%|
In Nepal, the standard rate of VAT is 13%.
The employment contract can be terminated by both the employer and the employee.
The notice period in Nepal is dependent on a mutual discussion between the employer and the employee, and should be in accordance with the labor laws of Nepal.
Employees are eligible for severance pay from the first day of employment at a fixed rate of 8.33% of the basic remuneration.
All foreign workers, wherever they may be originally located, must first secure a work permit with the Department of Labour and Work Agreement to work in Nepal. After which, they can apply for a work visa to legally stay in the country for employment purposes.