Income Tax Calculator

Income Tax Calculator

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

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TOTAL TAX LIABILITY FOR A YEAR

Total Tax Liability
0.00 LKR

CALCULATIONS

Total Income
0.00 LKR
Total Qualifying payments
0.00 LKR
Total Taxable Income
0.00 LKR
Total Tax Liability
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) 2022/2023 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 and amendments thereto.
  • The calculator is based on the Inland Revenue Act No. 24 of 2017 and amendments thereto.
  • 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. 900,000.
  • Personal relief:
    9 Months: 2,250,000
    3 Months: 300,000
  • Tax on terminal benefits are not covered.
  • Tax slabs & rates

9 Months

Tax Slabs Rate
2,250,000 6%
2,250,000 12%
Balance 18%

 
3 Months

Tax Slabs Rate
125,000 6%
125,000 12%
125,000 18%
125,000 24%
125,000 30%
Balance 36%
  • Personal relief: 0
  • Tax on terminal benefits are not covered.
  • Tax slabs & rates