Payroll
Tax on secondary employment income: What if you have two incomes?
Due to the current status of the economy, many people seek additional income in addition to their primary income. More and more…
Category
Tax
Payroll tax in Sri Lanka made clear: APIT tables, tax table updates, T10 forms and the Annual Statement of Employer, with practical examples.
Humanised is payroll software in Sri Lanka. It calculates EPF, ETF and APIT every month and produces the payslips, bank file and returns. From LKR 10,000 a month.
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- Tax
Why does every company need to lodge a T10?
Did you know what the T10 form is and why it is mandatory to lodge that? The T10 form, also known as…
- Tax
Tax on Tax: Grossing Up Employer-Paid APIT
Tax on tax means the employer pays the employee's APIT. The IRD's Table 6 grosses this up. See the full rates, a…
- Tax
How to calculate taxes for non-cash benefits
Non-cash benefits have grown significantly in popularity in the current competitive environment since they not only help to determine an employee’s overall…
- Payroll
Humanised Payroll Version 2.0 Released: Even More Ways to Optimize and Grow Your Payroll Business!
In today’s fast-paced, ever-transforming world of payroll, having the right tools at your disposal can be a critical factor that determines your…
- Accounting and Payroll
Personal Income Tax; A Comparison Between the Current Personal Income Tax and the Proposed, with Examples for Different Income Levels
The interim budget of 2022 has taken the Sri Lankan workforce by storm with its sweeping tax proposals. While this budget proposes…
- Tax
How a Bonus Is Taxed in Sri Lanka (APIT)
A bonus is taxed through the APIT lump-sum table (Table 2), not monthly, on cumulative yearly pay in Sri Lanka. Rates and…
