Are you trying to find the fiscal year of a particular date in Nepal? Whether you are preparing financial reports, checking tax periods, managing business records, or reviewing government documents, knowing the correct fiscal year is important.

Nepal follows a different fiscal year system from the January-to-December calendar commonly used in many countries. The Nepali fiscal year begins on the first day of Shrawan and ends on the last day of Ashadh in the following Bikram Sambat year.

The Nepal Fiscal Year Calculator helps you identify the fiscal year associated with a date. Instead of manually checking Nepali calendar months, you can use the calculator to find the relevant FY period.

What Is a Fiscal Year in Nepal?

A fiscal year, also called a financial year or income year, is a 12-month accounting period used for financial planning, accounting, budgeting, and tax-related activities.

In Nepal, the fiscal year is different from the regular Bikram Sambat calendar year. The BS calendar year starts on Baisakh 1, while the fiscal year starts on Shrawan 1.

As a result, one Nepali fiscal year covers parts of two consecutive BS calendar years.

When Does the Nepali Fiscal Year Start and End?

The standard Nepali fiscal or income year begins on Shrawan 1 and ends on Ashadh’s final day in the following BS year.

In the Gregorian calendar, these dates generally fall around mid-July. However, the exact AD equivalent can change from year to year because the BS calendar has variable month lengths.

How to Calculate the Fiscal Year in Nepal

You can identify the fiscal year of a BS date by checking its Nepali month and year.

Simple Fiscal Year Rule

This works because Shrawan is the first month of the fiscal year, even though it is the fourth month of the Bikram Sambat calendar year.

Example 1: A Date in Shrawan 2083

If a date falls in Shrawan 2083 BS, it belongs to fiscal year 2083/84.

Example 2: A Date in Kartik 2083

Kartik is within the fiscal year that started in Shrawan 2083. Therefore, the date belongs to FY 2083/84.

Example 3: A Date in Baisakh 2084

Baisakh 2084 falls after the beginning of the BS calendar year but before the next Shrawan. It still belongs to FY 2083/84.

Example 4: A Date in Shrawan 2084

Shrawan 2084 marks the beginning of the next fiscal year, so the date belongs to FY 2084/85.

How to Use the Nepal Fiscal Year Calculator

Follow these simple steps to find the fiscal year of a particular date.

1. Open the calculator: Go to the Nepali Fiscal Year Calculator on WriteNepali.
2. Select the date format: Choose BS or AD if the calculator provides both options.
3. Enter your date: Provide the date you want to check.
4. Calculate the result: Use the Calculate button available in the tool.
5. Check the fiscal year: Review the FY result and any corresponding date information displayed.

Fiscal Year Format in Nepal

Nepal generally writes a fiscal year using two consecutive BS years separated by a slash.

For example, 2083/84 means that the fiscal year begins in 2083 BS and ends in 2084 BS.

Other examples include FY 2081/82, FY 2082/83, FY 2083/84, and FY 2084/85. These labels identify different annual accounting periods.

Fiscal Year vs. Calendar Year in Nepal

A calendar year and a fiscal year are not the same. The calendar year follows the regular 12-month date system, while the fiscal year is the accounting period used for financial and income-year purposes.

Why Is the Fiscal Year Important in Nepal?

The fiscal year is an important reference period for individuals, businesses, companies, government offices, and financial institutions.

1. Accounting and Financial Reporting

Businesses use fiscal years to organize income, expenses, financial statements, and annual accounting records.

2. Income Tax Planning

The fiscal or income year is relevant when calculating taxable income and preparing income tax records. Taxpayers should also check the applicable tax laws, rates, and filing requirements for the relevant year.

3. Business Budgeting

Companies and organizations use fiscal years to prepare annual budgets, estimate costs, monitor revenue, and review business performance.

4. Government Budget and Planning

The government uses the fiscal year as an important period for public budgeting, expenditure planning, and financial reporting.

5. Salary and Payroll Records

Employers may use fiscal-year periods for payroll reporting, annual salary records, and certain tax-related calculations.

Is the Nepali Fiscal Year the Same as India’s Financial Year?

No. Nepal and India follow different fiscal year systems.

Nepal’s fiscal year generally begins on 1 Shrawan, around mid-July, and ends on the final day of Ashadh the following year. India’s financial year generally runs from 1 April to 31 March.

Important Things to Remember

• Nepal’s fiscal year starts on 1 Shrawan.
• It ends on the last day of Ashadh in the following BS year.
• A fiscal year normally covers two consecutive BS calendar years.
• FY 2083/84 is different from calendar year 2083 BS.
• The Gregorian dates corresponding to BS dates can change by year.
• Use accurate BS calendar data when converting dates between BS and AD.
• For official tax or legal purposes, verify the relevant rules and dates with the concerned authority.

Frequently Asked Questions (FAQs)

Final Words

Understanding Nepal’s fiscal year is important for managing financial records, preparing reports, and checking tax-related periods. The key rule is simple: the Nepali fiscal year begins on 1 Shrawan and ends on the last day of Ashadh in the following year.

Use the Nepal Fiscal Year Calculator to identify the fiscal year associated with your selected date. Whether you are checking a BS date or an AD date, accurate calendar information helps you find the correct FY period.

Official Reference

For the legal definition of Nepal’s income year, refer to the Income Tax Act, 2058 and its latest amendments. You can find tax laws and official publications through the Inland Revenue Department.

• Inland Revenue Department (IRD)
• Income Tax Act – IRD Tax Laws