1. What is This Salary Calculator?

This calculator helps determine your in-hand salary in Sri Lanka by subtracting mandatory deductions (Income Tax, EPF, and ETF) from your gross salary. Note: The 7th Pay Commission reference is not applicable to Sri Lanka.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Salary — Your total annual salary before deductions
• Income Tax — Tax amount based on Sri Lankan tax brackets
• EPF — 8% of gross salary (Employee Provident Fund)
• ETF — 3% of gross salary (Employee Trust Fund)

3. Understanding Salary Components

Details: In Sri Lanka, salary deductions include mandatory contributions to social security schemes (EPF and ETF) along with progressive income tax based on your earnings.

4. Using the Calculator

Tips: Enter your annual gross salary and estimated income tax. The calculator will automatically compute EPF (8%) and ETF (3%) deductions to show your net in-hand salary.

5. Frequently Asked Questions (FAQ)

Q1: Is the 7th Pay Commission applicable in Sri Lanka?
A: No, the 7th Pay Commission is an Indian system. Sri Lanka has its own salary structure and tax system.

Q2: How is income tax calculated in Sri Lanka?
A: Sri Lanka uses progressive tax rates. You'll need to calculate your tax separately based on current tax brackets.

Q3: Are EPF and ETF rates fixed?
A: Yes, EPF is typically 8% and ETF is 3% of gross salary, though rates may change by government policy.

Q4: What's not included in this calculation?
A: This doesn't account for other possible deductions like loan payments, insurance, or voluntary contributions.

Q5: Can I use this for monthly salary calculations?
A: Yes, but ensure all values (gross salary and tax) are for the same period (monthly or annual).