2026 IRD Tax & Statutory Assessment
LKR 350,000 Salary Tax, EPF & ETF Breakdown in Sri Lanka
For an employee earning LKR 350,000 gross basic salary per month (or LKR 4,200,000.00 per year), your net take-home salary is LKR 289,500.00 after APIT income tax and employee EPF deductions.
Gross MonthlyLKR 350,000.00
Monthly APIT TaxLKR 32,500.00
Employee EPF (8%)LKR 28,000.00
Net In-Hand PayLKR 289,500.00
Employer Statutory Liability: EPF 12% (LKR 42,000.00) + ETF 3% (LKR 10,500.00) = LKR 52,500.00/mo
Total Cost to Company (CTC): LKR 402,500.00/mo
Salary & Earnings Input
Instant APIT Income Tax & EPF/ETF computation (2026 IRD)
LKR (Rs.)
Rs.
Quick Salary Benchmarks:
Net Take-Home Pay (Monthly)
In-Hand SalaryLKR 289,500.00
Annual Take-Home Equivalent: LKR 3,474,000.00
APIT Tax
9.29% Eff.LKR 32,500.00
Taxable: LKR 200,000.00
Employee EPF (8%)
RetirementLKR 28,000.00
Deducted from gross pay
Employer (15%)
EPF+ETFLKR 52,500.00
Total CTC: LKR 402,500.00
Tax Slab Breakdown (Monthly)
Official Sri Lanka IRD Tax Brackets (2026 Assessment)
| Tax Slab | Rate | Taxable in Slab (Mo) | Tax Charged |
|---|---|---|---|
| Tax-Free Relief | 0% | LKR 150,000.00 | LKR 0.00 |
First LKR 1,000,000 (6%) | 6% | LKR 83,333.33 | LKR 5,000.00 |
Next LKR 500,000 (18%) | 18% | LKR 41,666.67 | LKR 7,500.00 |
Next LKR 500,000 (24%) | 24% | LKR 41,666.67 | LKR 10,000.00 |
Next LKR 500,000 (30%) | 30% | LKR 33,333.33 | LKR 10,000.00 |
Balance above LKR 2,500,000 (36%) | 36% | LKR 0.00 | LKR 0.00 |
| Total APIT Tax Payable (Monthly): | LKR 32,500.00 | ||
Salary Benchmarks35+ Guides
Explore APIT tax and EPF/ETF take-home pay by salary tier:
Frequently Asked Questions
Sri Lanka Salary & APIT Tax Guide (2026)
Everything you need to know about IRD APIT tax rules, EPF (8%), Employer EPF (12%), and ETF (3%).
Under the Sri Lanka Inland Revenue Department (IRD) regulations for Year of Assessment 2026, the annual personal tax relief is LKR 1,800,000 (equivalent to LKR 150,000 per month). Any individual earning up to LKR 150,000 gross monthly salary pays 0% APIT tax.