Sri Lanka
Sri Lanka calculators
With the values in force in Sri Lanka, the source of each one and the date we checked it.
Official data, updated automatically
An automated process checks the official sources every day. Rule changes go live after we verify them.
- Last review of the rules
- Official sources
- 14 official documents
Pay and work
- Salary calculator Sri LankaEnter your gross monthly salary and see what reaches your bank account. The calculator takes off APIT and your EPF contribution, the two deductions every employer has to make.
- Minimum wage in Sri LankaThe National Minimum Wage of Workers Act sets the lowest wage any employer can pay, in any industry or service.
- Hourly to salary calculatorHow much is your salary per hour? What does an hourly offer come to per year? Enter an amount, pick the period and we show all the others.
- Pay raise calculatorYou have been offered a raise, or you are about to ask for one. Enter your pay and the raise, as a percentage or an amount, and see how much changes each month and year.
- Time card calculatorPick the start and end time for each day, your unpaid break and your hourly pay. We show total hours, overtime and your pay for the week.
Taxes
- APIT calculatorAPIT is the income tax taken from your salary before it is paid. This calculator uses Tax Table No. 01, the one the IRD tells employers to use for regular monthly pay from a primary employment.
- EPF and ETF calculatorEvery month two funds receive money for you. EPF gets a share from your salary and a larger share from your employer. ETF is paid only by your employer.
- Employer cost calculator Sri LankaHiring someone costs more than the salary on the offer letter. On top of the gross pay, the employer pays its share of EPF and the full ETF contribution every month.
- VAT calculator Sri LankaEnter a price and choose whether it already includes VAT. You get the price before VAT, the VAT and the total.
Money and indexes
Loans, savings and investing
- Loan calculatorBefore you sign for a loan, two numbers matter: what you pay each month and what the loan costs you in interest.
- APR to APY calculatorTwo offers with the same rate can cost different amounts. The difference is how often interest is charged or paid.
- Mortgage calculatorA mortgage is the biggest debt most households ever take on. It pays to see the full numbers before you talk to a lender.
- Rent vs buy calculatorComparing the mortgage payment with the rent is not enough. Buyers pay interest, upkeep and property tax, but they end up owning the home. Renters can keep the down payment invested.
- Compound interest calculatorWith compound interest, the interest is added to your balance and starts earning interest of its own. That is why savings grow faster and faster.
- Simple interest calculatorSimple interest is always worked out on the original principal: interest is not added to the balance during the term.
- Savings goal calculatorA trip, a car, a deposit on a home or a cushion for surprises. A goal with an amount and a date is much easier to hit.
- Retirement savings calculatorA state pension often is not enough to keep your standard of living. Savings of your own, even small ones, make a big difference if you start early.
- Credit card payoff calculatorA credit card is usually the most expensive debt you have. Paying only the minimum stretches it out for years and piles on interest.
- 50/30/20 budget calculatorThe 50/30/20 rule is a simple way to plan your month. Half goes to essentials, 30% to things you enjoy and 20% to savings.
- Emergency fund calculatorAn emergency fund is money set aside for what you can't plan for: losing your job, a health problem or an urgent home repair.
- Car cost calculatorMost people know what they spend on fuel. Few add up insurance, maintenance, parking and, above all, the value the car loses every year.
Business and self-employment
- ROI calculatorA 50% gain sounds great, but it is not the same over 2 years as over 10. To compare investments you need the return per year.
- Profit margin calculatorMargin and markup get mixed up all the time, and the difference can cost you money. Both measure the same profit, but against a different base.
- Break-even calculatorThe break-even point is the level of sales where a business neither makes nor loses money. Below it you lose, above it you start to profit.
- Freelance rate calculatorThe most common freelance mistake is taking the salary you would want as an employee and dividing it by 160 hours. That leaves out taxes, expenses, vacation and every hour you can't bill.
Other calculators
- Net to gross salary calculator Sri LankaUseful before a salary negotiation: you know what you need in your account each month, and you want to know the gross figure to ask for.
- EPF 30% withdrawal calculatorYou do not have to wait until retirement to use part of your EPF. Members with enough service and a large enough balance can withdraw part of it to build a house or pay for medical treatment.
- Income tax calculator Sri LankaUse this when you file your income tax return or want to check what you owe for the year of assessment, which runs from 1 April to 31 March.
- Freelancer tax calculator Sri LankaIf you work for clients outside Sri Lanka and bring the money in through a bank, the Inland Revenue Act taxes those profits at a maximum rate of 15%.
- Gratuity tax calculatorWhen you retire or lose your job, some lump sums are taxed apart from your salary at their own lower rates. This calculator applies those rates.
- Bonus tax calculator Sri LankaA bonus is taxed differently from your monthly salary. Your employer uses Tax Table No. 02, which looks at everything you earn in the year, bonus included.
- SSCL calculatorThe Social Security Contribution Levy is charged on the turnover of businesses above the threshold, every quarter. How much of the turnover counts depends on what the business does.
- Capital gains tax calculator Sri LankaCapital gains tax is charged on the gain when you sell or otherwise realise an investment asset, such as land, buildings or shares.
- Withholding tax calculator Sri LankaBanks, companies and tenants have to withhold advance income tax from some payments and send it to the Inland Revenue Department. You get the rest.
- Stamp duty calculator Sri LankaStamp duty is charged on certain documents when they are signed or presented in Sri Lanka. For most of them it is a fixed sum for every Rs. 1,000 of value, or part of Rs. 1,000.