Sri Lanka Financial Tools

Sri Lanka Annual TaxCalculator

Wondering how much tax you need to pay this year? Our easy-to-use calculator helps you figure out your tax bill by looking at all your income sources and taxes you've already paid. Perfect for regular people who want to understand their taxes better!

How to Use This Calculator (3 Simple Steps)

1
Add Your Income: Tell us about all the money you earned this year - your job, business, rental income, etc.
2
Enter Taxes Paid: Add any taxes that were already taken from your income (like PAYE from your salary).
3
Get Your Result: See exactly how much more tax you need to pay (or if you're getting a refund!).

Income Sources & Tax Details

Where Do You Live?

✓ You pay tax on ALL your income (both from Sri Lanka and abroad)

Income Source 1

Example: Your monthly salary from your employer

💡 This is your total income before any taxes were deducted

💡 This is tax already paid (like PAYE from your salary)

💡 Usually applies to bank interest, dividends, or investment income

💡 Helpful Tips

  • •Tax-Free Allowance: The first LKR 1,800,000 you earn each year is completely tax-free!
  • •Include Everything: Add all your income sources for the most accurate calculation
  • •Foreign Income: If you work abroad, you might get a special lower tax rate of 15%
  • •Already Paid Tax: Don't forget to include taxes already taken from your salary (PAYE)

Enter Your Income Details

Add your income sources and tax details to see your annual tax assessment

How This Tax Assessment Calculator Works

This calculator helps you assess your annual tax liability in Sri Lanka by considering all your income sources and taxes already paid:

  • Multiple Income Sources: Add employment, business, rental, interest, dividend, and other income
  • Foreign Income Support: Separate calculation for foreign service and other foreign income at 15% concessional rate
  • Residency Status: Residents taxed on worldwide income, non-residents only on Sri Lankan income
  • Tax Already Deducted: Include PAYE tax, business tax, and other taxes already paid
  • WHT on Interest: Include withholding tax deducted on bank interest and other investments
  • Tax-Free Allowance: LKR 1,800,000 per year applied to local income only
  • Progressive Tax Rates: 6% to 36% for local income, 15% flat rate for qualifying foreign income

Local Income Tax Brackets (2025):

  • • 6% on first LKR 1,000,000 of taxable income (LKR 1,800,001 - 2,800,000)
  • • 18% on next LKR 500,000 (LKR 2,800,001 - 3,300,000)
  • • 24% on next LKR 500,000 (LKR 3,300,001 - 3,800,000)
  • • 30% on next LKR 500,000 (LKR 3,800,001 - 4,300,000)
  • • 36% on remaining income (above LKR 4,300,000)

Foreign Income Tax Rates (2025):

  • • 15% flat rate on foreign service income (services rendered outside Sri Lanka)
  • • 15% flat rate on other foreign-sourced income
  • • Must be received in foreign currency and remitted through bank to Sri Lanka
  • • No tax-free allowance applies to foreign income

Result Interpretation:

  • • Additional Tax to Pay: You need to pay more tax to the Inland Revenue Department
  • • Tax Refund Due: You have overpaid tax and are eligible for a refund
  • • Break-even: Your tax payments match your liability exactly

Note: This calculator provides estimates based on current tax rates and regulations. For official tax assessments and filing, consult with the Inland Revenue Department of Sri Lanka or a qualified tax advisor.

Important Disclaimer

This calculator is for informational purposes only and should not be considered as financial, tax, or legal advice.The calculations provided are estimates based on current tax rates and regulations in Sri Lanka and may not reflect your actual tax liability. Tax rates, allowances, and regulations can change, and individual circumstances may vary significantly. This calculator does not account for all possible deductions, allowances, or special circumstances that may apply to your specific situation. We strongly recommend consulting with qualified tax advisors, accountants, or the Inland Revenue Department of Sri Lanka for personalized advice regarding your specific tax situation. Dias Global Limited does not accept any responsibility for decisions made based on the information provided by this calculator.