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PAYE Tax Tables - Department of Inland Revenuce Sri Lanka

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					                 DEPARTMENT OF INLAND REVENUE

                          NOTICE TO EMPLOYERS
          PAYE Tax Tables – Year of Assessment 2011/2012
PAYE Tax Tables applicable with effect from April 1, 2011 for making monthly income tax
deductions from the remuneration of employees are given below, in a summarized format.
Printed detailed tax tables will be dispatched to all registered employers in the near future.



                                TAX TABLE NO. 1

                           Monthly Tax Deductions from Regular Profits
                     (All employees who are resident or citizen of Sri Lanka)

          Monthly Remuneration                                        Tax


Monthly Remuneration not exceeding                     Nil
Rs. 50,000/-
Monthly Remuneration exceeding Rs. 50,000/-,           4% of Monthly Remuneration
but not exceeding Rs. 91,667/-                         less Rs. 2,000/-

Monthly Remuneration exceeding Rs. 91,667/-,           8% of Monthly Remuneration
but not exceeding Rs. 133,333/-                        less Rs. 5,667/-

Monthly Remuneration exceeding Rs. 133,333/-,          12% of Monthly Remuneration
but not exceeding Rs. 175,000/-                        less Rs. 11,000/-

Monthly Remuneration exceeding Rs. 175,000/-,          16% of Monthly Remuneration
but not exceeding Rs. 216,667/-                        less Rs. 18,000/-

Monthly Remuneration exceeding Rs. 216,667/-,          20% of Monthly Remuneration
but not exceeding Rs. 300,000/-                        less Rs. 26,667/-

Monthly Remuneration exceeding Rs. 300,000/-           24% of Monthly Remuneration
                                                       less Rs. 38,667/-


The Table No. 1 is applicable for deduction of tax from non-citizen employees as well, if they are
resident in Sri Lanka under the provisions of Inland Revenue Act.
                                      TAX TABLE NO.4

Deduction of tax from remuneration made to non-citizen employees.


The following Tax Table is applicable for deduction of tax from non-citizen employees who are non-
resident in Sri Lanka.


          Monthly remuneration                                      Tax

up to Rs. 8,333/-                                    Nil

exceeding Rs. 8,333/- but not exceeding              4% of Monthly Remuneration
Rs. 50,000/-                                          less Rs. 333/-

exceeding Rs. 50,000 but not exceeding               8% of Monthly Remuneration
Rs. 91,667/-                                         less Rs. 2,333/-

exceeding Rs. 91,667/-, but not exceeding            12% of Monthly Remuneration
Rs. 133,333/-                                        less Rs.6,000/-

exceeding Rs. 133,333/- but not exceeding            16% of Monthly Remuneration
Rs. 175,000/-                                        less Rs. 11,333/-

exceeding Rs. 175,000/-, but not exceeding           20% of Monthly Remuneration
Rs. 258,334/-                                        less Rs. 18,333/-

Above 258,334/-                                      24% of Monthly Remuneration
                                                     less Rs. 28,666/-




                                     TAX TABLE NO. 6

                                             Tax on Tax Rates

Instances where tax on tax arise -
        (i)     When an employer or any other person settles income tax of an employee, without it
                being deducted from his salary.
        (ii)    Reimbursement by the employer of Income Tax already deducted and paid from
                employee’s salary.
                                             Rate of tax on tax
                                 (in respect employees who are resident)


                 Monthly Tax (Rs.)                                 Tax on Tax Rate



                      01     -         1600                                 4.2%
                    1601     -         4600                                 8.7%
                    4601     -         8800                                13.6%
                    8801     -       14,000                                19.0%
                  14,001     -       26,667                                25.0%
                  Over 26,667                                              31.6%




                                 TAX TABLE NO. 7

Rates for the deduction of tax from the remuneration of a Chairman or a Director or a non-Executive
Director of a Company, not included in the payroll for PAYE purpose, or from the remuneration of
any individual employed by more than one employer (other than the main employer) –

       -    10% where the monthly remuneration is less than Rs.25,000/-; and
       -    16% where the monthly remuneration is not less than Rs.25,000/-.


For any further clarification, please contact:

PAYE Branch                    - Telephone: 011-2302249, 011-2302246, 011-3009429
Secretariat                    - Telephone: 011-2338635, 011-2338570

                 Commissioner General of Inland Revenue

                         TAXES - FOR A BETTER FUTURE

				
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