Sri Lanka Salary Calculator – How to Use It

The Sri Lanka Salary Calculator is a digital tool that helps employees and employers calculate net take-home pay, statutory deductions, and employer contributions such as EPF and ETF.

This calculator is especially useful in Sri Lanka, where mandatory deductions like Employee Provident Fund (EPF), Employee Trust Fund (ETF), and income tax must be considered to estimate accurate salary figures.

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Why Use a Salary Calculator in Sri Lanka?

In Sri Lanka, salary structures include both employee deductions and employer contributions. Without a calculator, it’s often difficult to figure out exactly how much money you’ll take home after:

• EPF contributions (8% employee, 12% employer)
• ETF contributions (3% employer)
• Income Tax (based on slabs)

Using this calculator provides a transparent breakdown of all deductions and additions.

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How to Use the Sri Lanka Salary Calculator

Follow these simple steps to get your net salary and employer cost:

Step 1: Enter Gross Salary

• Enter your gross monthly salary (before deductions).
• Example: 150,000 LKR.

Step 2: Confirm EPF/ETF Contribution Rates

• Default values are:
  • Employee EPF: 8%
  • Employer EPF: 12%
  • Employer ETF: 3%
• These can be adjusted if rules change.

Step 3: Enter Tax Rate

• Enter your income tax percentage (based on your taxable income bracket).
• Example: 6%.
• If not taxable, leave it blank.

Step 4: Click “Calculate Net Salary”

The calculator will instantly show:

• Employee Deductions (EPF + Tax)
• Net Salary (Take-Home Pay)
• Employer Contributions (EPF + ETF)
• Total Employer Cost

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Example Calculation

If an employee earns 150,000 LKR gross per month, the breakdown is:

• Gross Salary: 150,000
• Employee EPF (8%): 12,000
• Income Tax (6%): 9,000
• Net Salary: 129,000 LKR

Employer side:

• Employer EPF (12%): 18,000
• Employer ETF (3%): 4,500
• Total Employer Cost: 172,500 LKR

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FAQ – Sri Lanka Salary Calculator

What is EPF in Sri Lanka?

EPF (Employee Provident Fund) is a mandatory retirement savings contribution. Employees contribute 8% of gross salary, and employers contribute 12%.

What is ETF in Sri Lanka?

ETF (Employee Trust Fund) is an additional employer contribution of 3% of gross salary, aimed at providing retirement benefits.

Does the calculator include income tax?

Yes. You can input your applicable tax percentage based on the current Inland Revenue tax brackets.

Who benefits from this calculator?

• Employees → To know the take-home pay.
• Employers → To calculate total employment cost.
• HR & Finance Teams → For payroll transparency.

Can allowances and bonuses be added?

This version focuses on gross fixed salary. You can add bonuses/allowances to the gross salary before calculation.