Hydrological information is essential for planning water resource projects and for simulating hydrological models to calibrate and generate streamflow data. This study evaluates the performance of distributed and semi-distributed hydrological models in the Tamakoshi River Basin (TRB), Nepal. The models assessed include the Spatial Process in Hydrology (SPHY), Hydrologiska Byråns Vattenbalansavdelning (HBV), and Hydrologic Engineering Centre Hydrologic Modeling System (HEC-HMS). The models were evaluated using metrics such as Nash-Sutcliffe Efficiency (NSE) ranging from 0.62 to 0.77, Coefficient of Determination (R2) from 0.76 to 0.77, and Percentage Bias (P Bias) from 26.16 % to −3.54 % during daily calibration. All three models were successfully calibrated and validated on a daily and monthly basis using observed discharge data at the Busti station in the TRB. The SPHY model performed better during the calibration period compared to the validation period, while the HBV and HEC-HMS models showed better performance during validation than calibration. Among the statistical indicators, the coefficient of determination closely matched, but NSE and P Bias showed some deviations. This comparative analysis of calibrated and validated models is valuable for filling gaps in hydrological data records and for selecting appropriate hydrological models for planning, managing, and developing water resource projects in the TRB.