Dec 1, 2023 · Guideline on Advance Personal Income Tax (APIT) Non Cash Benefits: Values for Non Cash Benefits. 2023-2024 / 2024-2025. Index: Index. Table - 1: [Monthly Tax Deductions from Regular Profits from Employment] 02. APIT_2324_Table_01 Table 1. Table - 2: [Rates for the deduction of Tax from Lump-Sum-Payments] How to apply Table 2

below links for the revised Advance Personal Income Tax (APIT) deduction tables published in the Department of Inland Revenue (DIR) Website : 1. Advance Personal Income Tax - Year of Assessment 2025/26 . March 2025 . Tax Flash News . Table 01 . APIT_2526_Table_01_Text.pdf &

May 21, 2021 · Additionally, the first tax slab will be increased to Rs. 1 million, replacing the current Rs. 500,000 threshold. To help you calculate the Advanced Personal Income Tax (APIT) on your salary under these changes, TaxAdvisor has already developed a user-friendly tax calculator. Visit Tax Calculators.

This table should be applied for deducting tax on lump-sum payments made to resident and non-resident but citizen employees who have submitted primary declarations to employers. The amount of tax deductible should be computed on the lump- …

Jan 4, 2025 · PAYE / APIT Calculators. 01.04.2025 Onwards . 1. Regular profits from employment. Tax Calculator w.e.f 01.04.2025. 2. Annual Income (taxable income) Annual Tax Calculater w.e.f 01.04.2025. 3. Tax Calculator for Individual Service Exporters ... Table 6. 7. Rates for the deduction of Tax from Second Employment. Table 7. View Archived Calculators

Jan 1, 2023 · With the information you give us, our tax calculator will tell you exactly how much Income tax you have to pay in Sri Lanka. Why choose the Simplebooks Tax Calculator? Accurate and Up-to-Date: Our Sri Lanka tax calculator is always updated with the latest tax regulations.

This comprehensive guide simplifies APIT for Sri Lankan employers: Learn about APIT calculations, deductions, tables, filing & deadlines.

(Amendment) Act, No. 45 of 2022, following APIT Tables are introduced for the lump-sum payments that are to be paid up to December 31, 2022 . There are three circumstances that tax on lump-sum payments have to be deducted;

Apr 1, 2025 · The Inland Revenue Department has introduced eight updated APIT tax tables to handle different income types and cases. New APIT brackets effective April 1, 2025: Monthly Income Bracket (LKR)

Apr 16, 2025 · The APIT tables for the Year of Assessment (Y/A) 2025/26 have been published, taking into consideration the recent changes introduced via the Inland Revenue Amending Act No. 02 of 2025. These changes include an increase in personal relief to Rs. 1.8 million for the Year of Assessment, a revision of the first slab to Rs. 1 million from Rs ...