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Add stamp duty deduction to payroll

This article is for Owners and admins who use Humanised

Overview

Stamp duty is a type of tax imposed by the Department of Inland Revenue. The law dictates that for every payment that exceeds LKR 25,000 a flat rate of LKR 25 in taxes should be paid. You can calculate and deduct this tax amount automatically from your employee salaries with Humanised Payrolls. 

Step 1

Go to company settings, scroll down to find “stamp duty” settings.

Step 2

Switch on the toggle. This will automatically add a stamp duty deduction where relevant as long as the toggle is switched on.

Figure 1 - Switch on stamp duty
Figure 2 - Stamp duty in pay details

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