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Tax Laws & Regulations
Comprehensive access to Sri Lanka’s tax laws and regulatory updates, including Tax Circulars, Acts & Amendments, Government Gazettes, and Tax Rulings, supported by powerful search and analysis tools.
Tax Calculators
Powerful tax calculation tools for Sri Lanka, covering Income Tax, PAYE Tax, Tax Credits, Terminal Benefits, Company Tax, Partnership Tax, Withholding Tax (WHT), Value Added Tax (VAT), Stamp Duty, and Betting Tax.
Income Tax Calculator
Personal Income Tax (APIT) • 2025/2026 Rates
රු.
Monthly Tax Payable
රු. 0.00
Annual Tax Payable
රු. 0.00
| Tax Bracket (Monthly) | Rate | Tax Amount |
|---|---|---|
| First 150,000 (Relief) | 0% | රු. 0.00 |
Estimated Monthly Take-Home
රු. 0.00
Individual Income Tax Calculator
Year of Assessment 2025/2026 · Sri Lanka
Taxpayer Information
Income Subject to Normal Rates
Enter rental income before the statutory 25% rent relief.
Special-Rate Income
Taxed separately at 10%. Personal relief is not deductible against this income.
Gains and profits from the specified businesses — 45%.
Foreign-currency service income meeting the statutory conditions — maximum rate 15%.
Foreign-source income meeting the statutory conditions — maximum rate 15%.
Reliefs
Maximum relief Rs. 600,000 for the year, subject to qualifying expenditure/payment.
Tax Summary
TOTAL TAX PAYABLE
Rs. 0
TAXABLE INCOME
Rs. 0
TOTAL RELIEFS
Rs. 0
EFFECTIVE TAX RATE
0.00%
Relief Calculation
| Relief | Amount |
|---|---|
| Personal Relief | Rs. 0 |
| Rent Relief — 25% | Rs. 0 |
| Solar Panel Relief | Rs. 0 |
| Total Relief | Rs. 0 |
Normal Progressive Tax
| Tax Band | Rate | Taxable Amount | Tax |
|---|---|---|---|
| First Rs. 1,000,000 | 6% | Rs. 0 | Rs. 0 |
| Next Rs. 500,000 | 18% | Rs. 0 | Rs. 0 |
| Next Rs. 500,000 | 24% | Rs. 0 | Rs. 0 |
| Next Rs. 500,000 | 30% | Rs. 0 | Rs. 0 |
| Balance | 36% | Rs. 0 | Rs. 0 |
| Normal-Rate Tax | Rs. 0 | ||
Qualifying Foreign Income — Maximum 15%
| Category | Income | Tax |
|---|---|---|
| Service Export Income | Rs. 0 | Rs. 0 |
| Foreign-Source Income | Rs. 0 | Rs. 0 |
| Total Maximum-15% Tax | Rs. 0 | Rs. 0 |
Other Special Rates
| Category | Rate | Income | Tax |
|---|---|---|---|
| Investment Asset Gains | 10% | Rs. 0 | Rs. 0 |
| Betting / Gaming / Liquor / Tobacco | 45% | Rs. 0 | Rs. 0 |
| Other Special-Rate Tax | Rs. 0 | ||
Final Tax Calculation
| Normal Progressive Tax | Rs. 0 |
| Maximum-15% Foreign Income Tax | Rs. 0 |
| Investment Asset Tax | Rs. 0 |
| 45% Special-Rate Tax | Rs. 0 |
| TOTAL TAX PAYABLE | Rs. 0 |
Important:
This calculator uses the Sri Lanka Inland Revenue Department
tax rates and relief information applicable to Year of Assessment
2025/2026. The qualifying 15% foreign-income provisions are treated
as maximum-rate provisions rather than automatically applying a
flat 15% to the entire amount. Actual tax liability may depend on
the taxpayer’s circumstances, eligibility, deductions, exemptions,
tax credits, withholding/AIT/APIT and other provisions of the
Inland Revenue Act.
EXPERT SUPPORT
Need APIT Assistance?
Get expert help when you need it.
PAYE / Employment Tax
Sri Lanka PAYE Tax Calculator
Year of Assessment 2016/2017, 2017/2018 & 2018/2019
Select the Year of Assessment and enter the employee’s monthly
Salary, Cash Allowance, Non-Cash Allowance and Other Benefits.
PAYE and Tax on Tax are calculated using the corresponding
workbook thresholds. Bonuses are calculated separately using
the workbook’s bonus methodology.
Year of Assessment
Select the applicable year.
1. Monthly Salary Calculation
Complete the monthly table before entering bonuses.
| Year | Month | Salary | Cash Allowance | Non-Cash Allowance | Other Benefits | Total | PAYE | Tax on Tax |
|---|---|---|---|---|---|---|---|---|
| Annual Total | Rs. 0 | Rs. 0 | Rs. 0 | Rs. 0 | Rs. 0 | Rs. 0 | Rs. 0 | |
* Salary, allowances and benefits are entered separately because
the original workbook calculates monthly remuneration as the sum
of these four components.
2. Annual Tax Calculation
Based on the annual remuneration calculated from the monthly table.
Annual Remuneration
Rs. 0
Annual PAYE
Rs. 0
Annual Tax on Tax
Rs. 0
Total Annual Deduction
Rs. 0
| Annual Tax Band | Tax |
|---|---|
| Up to Rs. 1,200,000 | Rs. 0 |
| Rs. 1,200,001 – Rs. 1,800,000 @ 4% | Rs. 0 |
| Rs. 1,800,001 – Rs. 2,400,000 @ 8% | Rs. 0 |
| Rs. 2,400,001 – Rs. 3,000,000 @ 12% | Rs. 0 |
| Rs. 3,000,001 – Rs. 3,600,000 @ 16% | Rs. 0 |
| Rs. 3,600,001 – Rs. 4,200,000 @ 20% | Rs. 0 |
| Above Rs. 4,200,000 @ 24% | Rs. 0 |
3. Bonus Tax Calculation
Enter the month and bonus amount. The calculator automatically
calculates average salary and tax attributable to the bonus.
| Bonus | Month Paid | Bonus Amount | Average Salary | Tax Based on Average | Tax on Bonus | Status |
|---|
Total Bonuses
Rs. 0
Total Bonus Tax
Rs. 0
Monthly PAYE + Tax on Tax
Rs. 0
Annual PAYE + Tax on Tax
Rs. 0
Total Including Bonus Tax
Rs. 0
Estimated Total PAYE
Rs. 0
Enter remuneration details above.
Sri Lanka Income Tax
Tax Credit Calculator
Calculate Tax Amount “C” for the Tax Credit Formula using the exact year-specific formulas contained in the supplied Tax Credit Calculator workbook.
How this calculator works:
For each year, enter the Total Gross Remuneration liable for APIT
in column B and Salary Arrears in column D. The calculator computes
Column E as B + D and then applies the exact
year-specific tax formula from Column F of the workbook.
The Tax Deducted in column C is retained as an input because it is
part of the original worksheet, but it is not used in the
Column F tax formula.
Selected Year
Select a year to highlight and display its Tax Amount “C”.
Year-by-Year Tax Credit Calculation
Exact structure of the supplied worksheet.
| Year of Assessment |
Total Gross Remuneration Liable for APIT (Rs.) |
Total Tax Deducted as per T10 (Rs.) |
Salary Arrears Amount (Rs.) |
Gross Remuneration + Arrears (Rs.) |
Tax Amount “C” (Rs.) |
|---|---|---|---|---|---|
| TOTAL | Rs. 0 | Rs. 0 | Rs. 0 | Rs. 0 | Rs. 0 |
Selected Year Calculation
Values corresponding to the selected worksheet row.
Gross Remuneration
Rs. 0
Tax Deducted as per T10
Rs. 0
Salary Arrears
Rs. 0
Gross + Arrears
Rs. 0
Tax Amount “C”
Rs. 0
Enter amounts for the selected year.
Source formula note:
The Tax Amount “C” is calculated from Gross Remuneration together
with Salary Arrears, exactly as specified in the supplied workbook.
Column C (tax deducted) is displayed and totalled but is not added
to the Tax Amount formula.
Terminal Benefits Tax Calculator
Tax on Once-and-for-all Payments · Year of Assessment 2025/2026
Terminal Benefit Information
This category is subject to the concessionary terminal-benefit rates.
Enter the total amount received or receivable.
Enter any amount separately qualifying for exemption.
Concessionary category:
Commutation of pension, retiring gratuity,
approved uniformly applicable compensation for loss
of office/employment, or qualifying ETF retirement payment
is calculated using 0%, 6% and 12% rates.
Exemptions
Fully exempt categories include:
• Amount received from a Provident Fund approved by the Commissioner General of Inland Revenue or a Regulated Provident Fund.
• Capital sums paid as compensation or gratuity for personal injuries suffered by the person or the death of another person.
• Pension or retiring benefit paid by the Government or a Department of Government of Sri Lanka.
• Amount received from a Provident Fund approved by the Commissioner General of Inland Revenue or a Regulated Provident Fund.
• Capital sums paid as compensation or gratuity for personal injuries suffered by the person or the death of another person.
• Pension or retiring benefit paid by the Government or a Department of Government of Sri Lanka.
Tax Calculation
TAX PAYABLE
Rs. 0
GROSS BENEFIT
Rs. 0
TAXABLE BENEFIT
Rs. 0
EFFECTIVE TAX RATE
0.00%
Applicable Tax Method
| Payment Category | - |
| Tax Method | - |
| Exempt Amount | Rs. 0 |
| Taxable Terminal Benefit | Rs. 0 |
Concessionary Rate Calculation
| Tax Band | Rate | Taxable Amount | Tax |
|---|---|---|---|
| First Rs. 10,000,000 | 0% | Rs. 0 | Rs. 0 |
| Next Rs. 10,000,000 | 6% | Rs. 0 | Rs. 0 |
| Balance | 12% | Rs. 0 | Rs. 0 |
| Concessionary Tax | Rs. 0 | ||
Normal Rate Calculation
| Tax Band | Rate | Taxable Amount | Tax |
|---|---|---|---|
| First Rs. 1,000,000 | 6% | Rs. 0 | Rs. 0 |
| Next Rs. 500,000 | 18% | Rs. 0 | Rs. 0 |
| Next Rs. 500,000 | 24% | Rs. 0 | Rs. 0 |
| Next Rs. 500,000 | 30% | Rs. 0 | Rs. 0 |
| Balance | 36% | Rs. 0 | Rs. 0 |
| Normal-Rate Tax | Rs. 0 | ||
Final Result
| Gross Terminal Benefit | Rs. 0 |
| Less: Exempt Amount | Rs. 0 |
| Taxable Terminal Benefit | Rs. 0 |
| Applicable Tax | - |
| TOTAL TAX PAYABLE | Rs. 0 |
Important:
This calculator is based on the Year of Assessment
2025/2026 terminal-benefit information supplied and the
IRD APIT Table No. 03 framework. Concessionary rates apply
to qualifying terminal benefits. Certain non-approved or
other retirement payments are subject to the normal rates.
Approved/regulated provident funds, qualifying injury/death
compensation and Government pensions/retiring benefits may
be exempt. Actual tax liability or APIT withholding may
depend on the precise nature of the payment and applicable
statutory conditions.
Company Income Tax Calculator
Year of Assessment 2025/2026 · Sri Lanka
Company Taxable Income
Taxable income of the company other than income
subject to the special rates below — 30%.
Gains and profits from qualifying services rendered
in or outside Sri Lanka to persons for use outside
Sri Lanka, where payment is received in foreign
currency and remitted through a bank to Sri Lanka.
Foreign-source gains and profits earned in foreign
currency and remitted through a bank to Sri Lanka.
Special-Rate Income
Gains and profits from conducting betting and gaming — 45%.
Gains and profits from manufacture and sale or
import and sale of liquor or tobacco products — 45%.
Gains from the realization of investment assets — 30%.
2025/2026 Tax Rates:
Standard company taxable income: 30%
Qualifying foreign-currency service income: 15%
Qualifying foreign-source income: 15%
Betting and gaming: 45%
Manufacture/import and sale of liquor or tobacco: 45%
Gains from realization of investment assets: 30%
Standard company taxable income: 30%
Qualifying foreign-currency service income: 15%
Qualifying foreign-source income: 15%
Betting and gaming: 45%
Manufacture/import and sale of liquor or tobacco: 45%
Gains from realization of investment assets: 30%
Company Tax Summary
TOTAL TAX PAYABLE
Rs. 0
TOTAL TAXABLE INCOME
Rs. 0
TOTAL TAX
Rs. 0
EFFECTIVE TAX RATE
0.00%
Tax Calculation by Income Category
| Income Category | Applicable Rate | Taxable Income | Tax |
|---|---|---|---|
| Standard Taxable Income | 30% | Rs. 0 | Rs. 0 |
| Qualifying Foreign-Currency Service Income | 15% | Rs. 0 | Rs. 0 |
| Qualifying Foreign-Source Income | 15% | Rs. 0 | Rs. 0 |
| Betting and Gaming | 45% | Rs. 0 | Rs. 0 |
| Liquor / Tobacco | 45% | Rs. 0 | Rs. 0 |
| Investment Asset Gains | 30% | Rs. 0 | Rs. 0 |
| TOTAL TAX PAYABLE | Rs. 0 | ||
Calculation Summary
| Standard Income Tax | Rs. 0 |
| Foreign-Currency Service Income Tax | Rs. 0 |
| Foreign-Source Income Tax | Rs. 0 |
| Betting / Gaming Tax | Rs. 0 |
| Liquor / Tobacco Tax | Rs. 0 |
| Investment Asset Gains Tax | Rs. 0 |
| TOTAL COMPANY INCOME TAX | Rs. 0 |
Important:
This calculator applies the company tax rates supplied
for the Year of Assessment 2025/2026. It calculates tax
by income category and does not include tax credits,
withholding/AIT, exemptions, deductions, qualifying
conditions, minimum taxes, dividend tax, or other
statutory adjustments that may apply to a particular
company.
Partnership Tax Calculator
Sri Lanka · Year of Assessment 2025/2026
Partnership Income
Enter the partnership income before deduction of qualifying payments.
Qualifying payments made during the year of assessment may be deducted in computing taxable income and income tax payable, as supplied.
Enter gains from realization of investment assets separately. These are taxed at 10%.
Partnership tax rates supplied:
Taxable income not exceeding Rs.1,000,000: 0%
Balance taxable income exceeding Rs.1,000,000: 6% on the excess over Rs.1,000,000
Gains from realization of investment assets: 10%
Taxable income not exceeding Rs.1,000,000: 0%
Balance taxable income exceeding Rs.1,000,000: 6% on the excess over Rs.1,000,000
Gains from realization of investment assets: 10%
Partnership Tax Summary
TOTAL TAX PAYABLE
Rs. 0
TAXABLE BUSINESS INCOME
Rs. 0
INVESTMENT GAINS
Rs. 0
EFFECTIVE TAX RATE
0.00%
Tax Calculation
| Description | Taxable Amount | Rate | Tax |
|---|---|---|---|
| Partnership Income Before Qualifying Payments | Rs. 0 | — | — |
| Less: Qualifying Payments | Rs. 0 | — | — |
| Taxable Partnership Income | Rs. 0 | — | — |
| First Rs.1,000,000 | Rs. 0 | 0% | Rs. 0 |
| Excess over Rs.1,000,000 | Rs. 0 | 6% | Rs. 0 |
| Gains from Investment Assets | Rs. 0 | 10% | Rs. 0 |
| TOTAL TAX PAYABLE | Rs. 0 | ||
Calculation Formula
Taxable Partnership Income
Partnership Income − Qualifying Payments
Partnership Income Tax
First Rs.1,000,000 × 0% + Excess over Rs.1,000,000 × 6%
Investment Asset Gains Tax
Investment Asset Gains × 10%
Total Tax Payable
Partnership Income Tax + Investment Asset Gains Tax
Partnership Income − Qualifying Payments
Partnership Income Tax
First Rs.1,000,000 × 0% + Excess over Rs.1,000,000 × 6%
Investment Asset Gains Tax
Investment Asset Gains × 10%
Total Tax Payable
Partnership Income Tax + Investment Asset Gains Tax
Partnership Tax Rates
| Taxable Income | Rate |
|---|---|
| Taxable income not exceeding Rs.1,000,000 | 0% |
| Balance taxable income exceeding Rs.1,000,000 | 6% |
| Gains from realization of Investment Assets | 10% |
Important:
This calculator uses the partnership tax rates and
qualifying-payment treatment supplied for the
calculation. It treats investment-asset gains as a
separate category and applies the supplied 10% rate.
The calculator does not determine whether a particular
payment legally qualifies for deduction. Actual taxable
income may depend on the applicable provisions of the
Inland Revenue Act and related rules.
This is a calculation aid and should be verified against
the applicable law before being used for an actual tax
return or payment.
Withholding Tax / AIT Calculator
Effective from 01.04.2025 · Sri Lanka
Payment Information
Select the relevant payment category.
Enter the payment amount before WHT/AIT deduction.
Double Tax Avoidance Agreement provisions may affect WHT on payments to non-residents.
Select a payment category to see the applicable rate and threshold.
WHT / AIT Calculation
WHT / AIT PAYABLE
Rs. 0
GROSS PAYMENT
Rs. 0
NET PAYMENT
Rs. 0
WHT RATE
0.00%
Calculation Summary
| Payment Category | - |
| Applicable Rate | - |
| Threshold / Condition | - |
| Gross Payment | Rs. 0 |
| WHT / AIT | Rs. 0 |
| Net Amount Payable | Rs. 0 |
Formula
WHT / AIT =
Gross Payment × Applicable WHT Rate
Net Payment = Gross Payment − WHT / AIT
Net Payment = Gross Payment − WHT / AIT
Important:
This calculator is based on the WHT/AIT rates supplied
for payments made with effect from 01.04.2025.
Where a monthly threshold applies, the statutory
threshold must be considered when determining whether
WHT is applicable. For payments to non-residents,
applicable Double Tax Avoidance Agreement provisions
may alter the rate or treatment.
The calculator is a calculation aid and does not
replace the applicable provisions of the Inland Revenue
Act, regulations, Gazette notifications, or an applicable
DTAA.
Value Added Tax Calculator
Sri Lanka VAT · Year of Assessment 2025/2026
Supply Information
Standard-rated taxable supply.
Enter the value before VAT.
Choose whether the entered amount is VAT-exclusive or VAT-inclusive.
VAT Registration Threshold
Enter total value of taxable supplies for the relevant one-month or three-month period.
Enter total value of supplies for the relevant twelve-month period.
Registration threshold supplied:
Rs. 15,000,000 or more for a taxable period of one month or three months, or
Rs. 60,000,000 or more over a twelve-month period.
A person carrying out a taxable activity may also register voluntarily irrespective of the threshold, subject to the applicable law.
Rs. 15,000,000 or more for a taxable period of one month or three months, or
Rs. 60,000,000 or more over a twelve-month period.
A person carrying out a taxable activity may also register voluntarily irrespective of the threshold, subject to the applicable law.
Standard Rate:
18% from 01.01.2024.
VAT Calculation
VAT PAYABLE
Rs. 0
NET SUPPLY VALUE
Rs. 0
GROSS VALUE
Rs. 0
VAT RATE
0%
VAT Breakdown
| Description | Rate | Amount |
|---|---|---|
| Supply Value Before VAT | — | Rs. 0 |
| VAT | 0% | Rs. 0 |
| Total Including VAT | — | Rs. 0 |
VAT Registration Assessment
| One / Three-Month Supply Value | Rs. 0 |
| Twelve-Month Supply Value | Rs. 0 |
| Rs. 15 Million Threshold | - |
| Rs. 60 Million Threshold | - |
| Registration Threshold Indication | - |
VAT Rate Reference
| Period | Standard Rate |
|---|---|
| 01.12.2019 – 31.05.2022 | 8% |
| 01.06.2022 – 31.08.2022 | 12% |
| 01.09.2022 – 31.12.2023 | 15% |
| From 01.01.2024 | 18% |
Important:
This calculator applies the VAT rates and registration
threshold information supplied for the Year of Assessment
2025/2026. Zero-rated supplies are not the same as
exempt supplies. The registration threshold is an
indicator only and does not itself determine whether a
particular supply is taxable.
Actual VAT liability may depend on the nature of the
taxable activity, input tax, output tax, creditable
purchases, exemptions, zero-rating, registration status,
taxable-period rules and other provisions of the VAT Act.
Stamp Duty Calculator
Sri Lanka · Specified Instruments
Select Instrument
Select the relevant instrument.
Enter the applicable amount.
Rate: Rs.50 per affidavit.
Stamp Duty Calculation
STAMP DUTY
Rs. 0
BASIS AMOUNT
Rs. 0
RATE
—
CALCULATION
—
Calculation Details
| Description | Basis | Rate / Rule | Stamp Duty |
|---|---|---|---|
| — | Rs. 0 | — | Rs. 0 |
| TOTAL STAMP DUTY | Rs. 0 | ||
Specified Stamp Duty Rates
| Instrument | Basis | Rate |
|---|---|---|
| Affidavit | Per instrument | Rs.50 |
| Insurance Policy | Every Rs.1,000 or part thereof of aggregate premium | Rs.1 |
| Warrant to act as Notary Public | Per warrant | Rs.2,000 |
| Trade / Business / Profession Licence | Licence fee | Rs.2,000 or 10%, whichever is lower |
| Liquor Licence | Per licence | Rs.20,000 |
| Arrack AFL1–AFL4 / Bottled Toddy | Per licence | Rs.2,000 or 10%, whichever is higher |
| Foreign Merchant Credit Card Transaction | Every Rs.1,000 or part thereof | Rs.25 |
| Share Certificate | Every Rs.1,000 or part thereof | Rs.5 |
| Bond / Mortgage | Every Rs.1,000 or part thereof | Rs.1 |
| Promissory Note | Every Rs.1,000 or part thereof | Rs.1 |
| Lease / Hire | Every Rs.1,000 or part thereof | Rs.20 |
| Hire Purchase Agreement | Every Rs.1,000 or part thereof | Rs.20 |
| Receipt up to Rs.25,000 | Receipt amount | Exempt |
| Receipt above Rs.25,000 | Receipt amount | Rs.25 |
Important:
This calculator is based on the attached Stamp Duty
source supplied for this calculation. Where the source
specifies "Rs.1,000 or part thereof", the calculator
rounds the relevant amount upward to the next Rs.1,000
unit.
For licence calculations, the applicable comparison
between a fixed amount and a percentage is calculated
according to the supplied wording.
For receipts, amounts up to and including Rs.25,000 are
treated as exempt and amounts above Rs.25,000 are
calculated at Rs.25, based on the supplied source.
This is a calculation aid and should be checked against
the applicable Gazette notifications and current law
before use for an actual transaction.
Betting & Gaming Levy Calculator
Sri Lanka · Betting Business, Gaming & Casino Levy
Select Levy Type
Select the relevant betting or gaming levy.
Enter the applicable amount.
Annual Levy:
Rs.4,000,000 for betting business done through agents.
Levy Calculation
TOTAL LEVY / TAX
Rs. 0
CALCULATION BASIS
Rs. 0
RATE / FIXED LEVY
—
CALCULATION
—
Calculation Details
| Description | Basis | Rate / Rule | Levy / Tax |
|---|---|---|---|
| — | Rs. 0 | — | Rs. 0 |
| TOTAL | Rs. 0 | ||
Betting & Gaming Levy Rates
| Description | Rate / Levy |
|---|---|
| Betting business through agents | Rs.4,000,000 per year |
| Live telecast facilities | Rs.600,000 per year |
| No live telecast facilities | Rs.50,000 per year |
| Casino licence / renewal — five years | Rs.500,000,000 |
| Casino annual fee | Rs.500,000,000 per year |
| Casino entrance levy | USD 50 per person |
| Bookmaker / gaming gross collection tax | 15% |
Important:
This calculator is based on the rates supplied for
Betting and Gaming Levy. Fixed annual or licence fees
are calculated directly. The casino entrance levy is
shown at USD 50 per person and may optionally be
converted to Sri Lankan rupees using the exchange rate
entered by the user.
For bookmaker or gaming gross collection, the supplied
rule applies a 15% tax where gross collection exceeds
Rs.1,000,000 per month, after deducting the winning prize.
The calculator is a calculation aid and should be checked
against the applicable legislation, Gazette notifications
and current administrative requirements before being used
for an actual liability.
Individual Income Tax
Sri Lanka Income Tax Calculator
Year of Assessment 2016/2017 & 2017/2018 · Recreated from the IIT Tax Calculator workbook
Enter the applicable amounts. The calculator follows the workbook's
Schedule 1–12 structure, including deductions, qualifying payments,
progressive rates, special-rate income, once-and-for-all receipts,
tax credits and final tax/refund.
Important:
Income entered under the special-rate sections below is assumed to
already form part of your taxable income. Do not enter the same
amount again under ordinary business or other income.
1. Employment Income
Schedule 1 · Cages 103–107
The workbook applies a special tax treatment to once-and-for-all
employment receipts based on the employee's years of service.
2. Trade / Business / Profession
Schedule 2 · Cages 114–119
3. Rent & Net Annual Value
Schedule 3 · Cages 121–127
4. Investment & Other Income
Schedules 4, 5, 6 & 7
5. Schedule 8 – Losses
Deductible losses from trade, business, profession or vocation
6. Schedule 9 – Deductions
Interest, annuities, royalties and ground rent paid
7. Tax Free Allowance
Main Return · Cage 260
Default: Rs. 500,000, as used for this calculator configuration.
8. Schedule 10 – Qualifying Payments
Enter amounts applicable to the relevant qualifying-payment category.
9. Schedule 12 – Special Rate Income
Section 59F and Section 59B classifications
59F
The workbook calculates this category separately from ordinary
standard-rate income.
59B – CATEGORY 1
—
59B – CATEGORY 2
—
59B – CATEGORY 3
—
10. Schedule 11 – Tax Credits & Payments
Credits deducted from gross income tax
11. Tax Calculation
Main Return · Cages 200–595
Total Statutory Income
Rs. 0
Total Income Deductions
Rs. 0
Assessable Income
Rs. 0
Tax Free Allowance
Rs. 0
Qualifying Payments
Rs. 0
Taxable Income
Rs. 0
Once-and-for-All Tax
Rs. 0
Employment Tax
Rs. 0
59F Tax
Rs. 0
59B Special Tax
Rs. 0
Standard Rate Tax
Rs. 0
Gross Income Tax
Rs. 0
Total Tax Credits
Rs. 0
Final Tax Position
Rs. 0
Enter income details above.
Tax Rate Reference
Rates used by the recreated calculation engine
| Tax Tier | Rate |
|---|---|
| First Rs. 500,000 | 4% |
| Next Rs. 500,000 | 8% |
| Next Rs. 500,000 | 12% |
| Next Rs. 500,000 | 16% |
| Next Rs. 1,000,000 | 20% |
| Balance above Rs. 3,000,000 | 24% |
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