Inland Revenue Act (Sri Lanka) • Y/A 2025/2026
Sri Lanka Tax Liability Estimator
Statutory tax calculation with updated Rs. 1,800,000 Tax-Free Allowance for Year of Assessment 2025/2026.
25/26
Year of Assessment 2025/2026 Rules Active
Tax-Free Personal Relief: Rs. 1,800,000/year (Rs. 150,000/month). First 1M @ 6%, Next 500k @ 18%.
LKR
Equivalent to: LKR 4,200,000 / yearTax-Free: LKR 1,800,000
Statutory Reliefs & Allowances
Inland Revenue ActStandard Personal Relief
For resident individuals / non-resident citizens
Max Rs. 600,000/- for each year of assessment.
25% deduction on total rental income for the year.
Y/A 2025/2026 ComputationIRD Slabs
Personal Tax Liability
Gross Annual Income:LKR 4,200,000
Less Total Reliefs:- LKR 1,800,000
Net Taxable Income:LKR 2,400,000
Tax Computation Breakdown:
First Rs. 1,000,000 (6%):LKR 60,000
Next Rs. 500,000 (18%):LKR 90,000
Next Rs. 500,000 (24%):LKR 120,000
Next Rs. 500,000 (30%):LKR 120,000
Monthly APIT Withholding:LKR 32,500
Annual Tax Payable:LKR 390,000
Effective Tax Rate:9.29%
Monthly Net Take-Home:LKR 317,500
Special IRD Statutory Rates:
Capital Gains (Investments):10% Flat Rate
Betting, Liquor, Tobacco:45% Top Rate
Disclaimer: This tax calculator provides statutory estimates based on the Inland Revenue Act (Sri Lanka) for Year of Assessment 2025/2026. Actual statutory liabilities require customized adjustments and partner verification by Roshan Mahendra Marcus, Chartered Accountant.