Income Tax Calculator

Income Tax Calculator

DFCC Bank Personal income tax calculator is made available to you as a self-help tool for independent use and to help prepare your tax returns. This tool is for illustrative purposes only.

Click 》 if you wish to expand the main sections and calculate in detail

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TOTAL TAX LIABILITY FOR Y/A 2020/2021

Total Annual Income
0.00 LKR
Total Qualifying payments
"Max upto 1.2M"
0.00 LKR
Total Taxable Income
0.00 LKR

Terms and Conditions

  • This calculator could be used to calculate personal income tax payable by a resident for financial year (Y/A) 2020/2021 only and for illustrative purposes.
  • Relevant income from employment, investment, business and others should be computed in accordance with the provisions of the Inland Revenue Act No. 24 of 2017.
  • The calculator is based on the notice PN/IT/2020-03 (Revised) dated April 8, 2020, issued by the Commissioner General of Inland Revenue which is pending legislative enactment.
  • The information returned on this web site in response to your query is only intended to give you a general overview, and in no way constitute advice. The actual tax payable by you or deduction available to you (if any) will depend on your personal circumstances and, as such, you are responsible for ensuring by independent verification its accuracy or completeness. You should seek professional tax advice from a qualified person.
  • For more details contact your tax consultant or follow the guide provided by the Department of Inland Revenue.
  • Aggregate qualifying payment cannot exceed Rs. 100,000 per month and Rs. 1,200,000 per annum.
  • Personal relief per annum is Rs. 3,000,000.
  • Tax on terminal benefits are not covered.
  • Tax slabs & rates
Tax Slabs Rate
3,000,000 6%
3,000,000 12%
Balance 18%