Commercial banks have sent the government income taxes of 29 billion 988 million rupees.

Compared to the previous fiscal year, this is a 14.41% increase. Put otherwise, banks paid 4 billion 76 million 21 thousand rupees more in income tax last year than they did the year before. The banks paid 25 billion 91 crore 28 lakh 81 thousand rupees in income tax in 2079–2080.

In the fourth quarter of the previous financial year, commercial banks that were in operation made a profit of 64 billion 153 million rupees, as per the unrevised financial accounts. The 'Income Tax Act 2058' mandates that banks give the government 30% of their profits.

This claims that they used the earnings from the previous year to pay roughly 30 billion rupees. The amount of profit left over after the banks deduct their earnings is known as the net profit, which they retain as distributable profits and use to distribute dividends to shareholders.

A clause in the profit after tax stipulates that banks must pay the government 30% of their income tax on the amount left over after deducting employee bonuses. Furthermore, the banks must pay the government the gap in addition to 15% interest if the income tax paid from the predicted income is less than the actual income. Additionally, a clause states that the account needs to be reconciled for the following year if the actual income is lower than the predicted income and the tax paid is higher.

 The government taxes banks at 30% while taxing other businesses at only 25%, as the bankers have been moaning about for years. Simultaneously, the chief executive officer of NMB Bank and the president of the Nepal Bankers Association claim that banks are currently facing pressure to increase profits and pay the highest taxes. In the productive sector, banks are also making investments. While the bank is taxed more, everyone else who conducts more business than it is taxed less. President KC stated, "We have stated time and time again that it should be scaled back and handled like others."

The banks paid 10 billion rupees in taxes last year after the government requested that they pay taxes on the merger's bargain purchase gain and the FPO premium, on top of the approximately 30 billion rupees in regular taxes they had paid. Accordingly, he claimed, commercial banks were required to pay 40 billion rupees in taxes alone last year.

Parshuram Kunwar Chhetri, a former banker, asserts, however, that although banks are transparent, their tax rates are greater than those of other institutions. "However, anyone who makes a profit must pay according to the standards set by the government," he stated.

The biggest taxpayer is Nabil, who is followed in third place by Global IME Commercial Bank and Prabhu. Up to the end of June of last year, Nabil Bank was able to pay the highest income taxes. The company with the largest profit margin in the previous fiscal year, Nabil, was also able to increase its tax payment. After the financial statements up to the fourth quarter of the previous fiscal year were examined, Nabil Bank emerged as the bank with the highest overall profit for the year. Nabil was able to turn a net profit of Rs 7.6 billion last year. Nabil paid taxes to the government last year totaling 2 billion 73 crore 52 million 43 thousand rupees, according to the same income. More than this, or 2 billion 87 crore 62 million rupees, in taxes were paid in the year prior.

In a similar vein, Prabhu Bank pays the second most in taxes. The aforementioned bank has paid taxes on its income from the previous year totaling 2 billion 57 crore 36 million 26 thousand rupees. One billion and thirteen crores of taxes were paid in the preceding year. In a similar vein, Global IME Bank, which ranks third in terms of tax paid, has paid 2.55 billion 12 lakh rupees in taxes. More than this, or 2 billion 57 crores, in taxes were paid in the year prior.

In addition, Nepal Investment Mega has paid taxes on income totaling 2 billion 144 million rupees. Furthermore, the amount of taxes paid by commercial banks is less than $2 billion. Of these, 1.99 billion rupees have been paid by Everest, 1.89 billion by Rashtriya Commercial Bank, 1.65 billion by Prime, 1.64 billion by Krishi Bikas Bank, and 1.62 billion by Kumari Bank.

In addition, 1 billion less than 1.5 billion is being taxed by Standard Chartered Bank, Siddharth, Lakshmi Sunrise, Nepal Bank Himalaya, and NMB Bank. Furthermore, the amount of taxes paid by commercial banks is less than one billion. Sanima, Nepal SBI, Citizens, Machhapuchhre, and NIC Asia Bank are a few among them. With the lowest tax payers is NIC Asia. Who has given the government 549.3 million rupees in tax payments from their earnings last year.