How do you need to pay tax on your salary? | 100,000 වඩා පඩියක් ගන්නවා නම් බදු ගෙවන්න වෙන විදිය 

How do you need to pay tax on your salary? | ඔයා මාසෙකට 100,000 වඩා පඩියක් ගන්නවා නම් දැන් බදු ගෙවන්න වෙන්නේ මේ විදියට
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Personal Tax relief has been restricted to Rs.1,200,000 per annum w.e.f 01.10.2022 for resident and non-resident citizens. Accordingly, Individuals with gross monthly earnings exceeding above of Rs. 100,000 are subject to income tax.
Expenditure Relief available for resident individuals up to Rs.1.2Mn has been withdrawn with effect from 01.10.2022.
Individuals will be taxed at 6% to 36% on their income as follows.
Taxable Income
p.a. (Rs.) Rate
First 500,000 6%
Next 500,000 12%
Next 500,000 18%
Next 500,000 24%
Next 500,000 30%
Next 36%
The individual's gains and profits from employment shall not include any retirement payment which are received at the time of retirement from employment. This applies as long as the employee has already paid tax on the retirement contributions for income tax purposes in a previous year of assessment and the respective retirement contributions have already been considered.
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