What are Sri Lanka's income tax rates for 2024?

6% on the first LKR 500,000; 12% on LKR 500,001–1,000,000; 18% on LKR 1,000,001–1,500,000; 24% on LKR 1,500,001–2,000,000; 30% on LKR 2,000,001–3,000,000; 36% above LKR 3,000,000.

What is APIT in Sri Lanka?

APIT (Advance Personal Income Tax) is the withholding tax deducted by employers from employee salaries. It replaced the PAYE system in 2020.

Sri Lankan Income Tax Calculator

Calculate Sri Lankan personal income tax (APIT/PAYE) using Inland Revenue Department slabs. Includes the SoCI system, employee and employer EPF/ETF contributions, and 2024 brackets.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How It Works

Calculate Sri Lankan personal income tax (APIT/PAYE) using Inland Revenue Department slabs. Includes the SoCI system, employee and employer EPF/ETF contributions, and 2024 brackets

Each component has a specific meaning:

Inland Revenue Department slabs — The inland revenue department slabs recorded for the scenario being assessed.

Note: Interpret the sri lanka income tax result against the thresholds and context described above.

How to Use

Enter the Inland Revenue Department slabs for the scenario you are assessing. Calculate Sri Lankan personal income tax (APIT/PAYE) using Inland Revenue Department slabs. Includes the SoCI system, employee and employer EPF/ETF contributions, and 2024 brackets. Use the sri lanka income tax result to inform your calculation.

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