Bank Account Advanced income tax 10% 😮

emoboy

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  • Oct 1, 2015
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    āļ‹āļļāļŊāļœāˇš normal savings accounts ⎀āļŊāļ§ āļ¸āˇāˇƒāˇ™āļ§ āˇ„āļ¸āˇŠāļļ⎙āļą interest āļ‘āļšāˇ™āļąāˇŠ income tax ⎀⎒āļ¯āˇ’⎄āļ§ āļšāˇœāļ āˇŠāļ āļģāļšāˇŠ āļšāˇāļ´āˇ™āļąāˇ€āļ¯? āļ¸āļœāˇš 10%āļšāˇŠ āļšāļ´āˇ’āļŊāļąāˇš combank
     

    tharakaf

    Well-known member
  • Oct 19, 2020
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    āļ‹āļļāļŊāļœāˇš normal savings accounts ⎀āļŊāļ§ āļ¸āˇāˇƒāˇ™āļ§ āˇ„āļ¸āˇŠāļļ⎙āļą interest āļ‘āļšāˇ™āļąāˇŠ income tax ⎀⎒āļ¯āˇ’⎄āļ§ āļšāˇœāļ āˇŠāļ āļģāļšāˇŠ āļšāˇāļ´āˇ™āļąāˇ€āļ¯? āļ¸āļœāˇš 10%āļšāˇŠ āļšāļ´āˇ’āļŊāļąāˇš combank
    10% ⎀āļœāˇš āˇƒāˇ”āļŊ⎔ āļœāˇāļąāļšāˇŠ 🤌🤌
     

    ob_server

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  • Jan 16, 2023
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    Ube annual total income eka ( employment +business + investment + other) 18 laks walata adu nam, 10% kapanna epa kiyala banks walata letter ekak deela kapana eka nathara karagan puluwan.

    Tax liable nam, final tax eka gewaddi bank haraha gewapu gaana adu karaganna puluwan.
     
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    2osama

    Well-known member
  • Oct 25, 2010
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    āļ¸āˇāļŊāļšāˇš
    āļ‹āļļāļŊāļœāˇš normal savings accounts ⎀āļŊāļ§ āļ¸āˇāˇƒāˇ™āļ§ āˇ„āļ¸āˇŠāļļ⎙āļą interest āļ‘āļšāˇ™āļąāˇŠ income tax ⎀⎒āļ¯āˇ’⎄āļ§ āļšāˇœāļ āˇŠāļ āļģāļšāˇŠ āļšāˇāļ´āˇ™āļąāˇ€āļ¯? āļ¸āļœāˇš 10%āļšāˇŠ āļšāļ´āˇ’āļŊāļąāˇš combank
    āˇ„āˇ āļ‘āļšāļ§ āļšāļ¸āļšāˇŠ āļąāˇāˇ„⎐ āļ¸āˇš āļ´āˇāļģ āļ…āļ´āˇ’ āļ¸āˇāļŊ⎓āļ¸āˇāˇ€āļ§đŸ˜đŸ˜
     

    Bam

    Well-known member
  • Apr 6, 2025
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    āļŊāļšāˇŠāˇ‚ 20 ⎂⎐āļŊāļģ⎒ ⎀⎐āļ§āˇ™āļą āļ‘āļšāˇ™āļšāˇŠāļ§ āļ‘āļ­āļšāˇœāļ§ āˇƒāˇ“āļēāļ§ āļ¯āˇ„āļē āļ…āļŠāˇ” āļšāļģāļąāˇŠāļąāļ­āˇŠ āļļ⎑ ⎀⎐āļŠāˇ’āļ´āˇ”āļģ āļšāˇāļ´āˇ™āļą āļ§āˇ’āļš āļ†āļ´āˇ„⎔ āļœāļąāˇŠāļąāļ­āˇŠ āļļ⎑ āļŊ⎜āļŊ⎊.😂
    Ube annual total income eka ( employment +business + investment + other) 18 laks walata adu nam, 10% kapanna epa kiyala banks walata letter ekak deela kapana eka nathara karagan puluwan.

    Tax liable nam, final tax eka gewaddi bank haraha gewapu gaana adu karaganna puluwan.
     

    dilrasan

    Well-known member
  • āļŊāļšāˇŠāˇ‚ 20 ⎂⎐āļŊāļģ⎒ ⎀⎐āļ§āˇ™āļą āļ‘āļšāˇ™āļšāˇŠāļ§ āļ‘āļ­āļšāˇœāļ§ āˇƒāˇ“āļēāļ§ āļ¯āˇ„āļē āļ…āļŠāˇ” āļšāļģāļąāˇŠāļąāļ­āˇŠ āļļ⎑ ⎀⎐āļŠāˇ’āļ´āˇ”āļģ āļšāˇāļ´āˇ™āļą āļ§āˇ’āļš āļ†āļ´āˇ„⎔ āļœāļąāˇŠāļąāļ­āˇŠ āļļ⎑ āļŊ⎜āļŊ⎊.😂
    ithin ban ehema padiyak ganna ekekta tax ekak gewanna barida? 🙄
     

    Bam

    Well-known member
  • Apr 6, 2025
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    ithin ban ehema padiyak ganna ekekta tax ekak gewanna barida? 🙄
    āļ’āļš āļąāˇ™āļ¸āˇ™āļē⎒ āļ¸āļ¸ āļšāˇ’āˇ€āˇŠāˇ€āˇš.

    āļ†āļ´āˇ„⎔ āļšāˇ’āļē⎀āļąāˇŠāļą.

    ⎀⎐āļŠāˇ’āļ´āˇ”āļģ āļšāˇāļ´āˇ™āļą āļ§āˇ’āļš āļ†āļ´āˇ„⎔ āļąāˇœāļœāˇ™āˇ€āļą āļ‘āļš .

    āļ‰āļ­āˇ’āļ‚ āļ´āˇāļŠāˇ”āļē⎒ āļąāˇ™. āļ”āļēāˇ āļšāˇ’āļēāļąāˇŠāļąāˇ™ ⎀⎐āļŠāˇ’āļ´āˇ”āļģ āļœāˇ™āˇ€āļą āļ‘āļš āˇ„āļģ⎒ āļšāˇ’āļēāļŊāˇ āļ¯.
     

    lasankandy

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  • Jul 18, 2009
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    KY
    āļģāļąāˇ’āļŊāˇāļ§ āļļ⎐āļą āļļ⎐āļą āļ‡āˇ€āˇ’āļŊ⎊āļŊāˇ 5%āļšāˇŠ āļšāļ´āļąāˇ€āˇ āļšāˇ’āļēāļŊāˇ ⎄⎔āļšāļąāˇŠāļąāˇ 10%āļšāˇŠ āļšāļ´āļ¯āˇŠāļ¯āˇ’ āļšāˇœāˇ„āˇœāļ¸āļ¯ āļ†āļ­āļŊ⎊ āļ‘āļš đŸ¤Ŗ
     

    monson

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  • May 7, 2007
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    5% āļœāˇ„āļ´āˇ” āļģāļąāˇ’āļŊ⎊āļ§ āļļ⎐āļąāļŊāˇ āļ†āļ´āˇ” āļļāļ¯āˇ” āļšāˇœāļ§āˇ​

    Senior savers squeezed by 10 % WHT

    By Bandula Sirimanna

    As Sri Lanka edges toward the presentation of its 2025 National Budget, a growing section of its elderly population finds itself trapped in an unexpected financial bind.

    The Government’s decision to double the Withholding Tax (WHT) on interest income to 10 per cent effective April 1, 2025, has begun tightening the noose around the life savings of thousands of retired citizens who depend almost solely on bank deposit interest to live.

    Inserted in the Inland Revenue (Amendment) Act No. 2 of 2025, the new tax law will make it mandatory for all banks and financial institutions to withhold 10 per cent of interest income as advance, irrespective of the amount of annual income of the depositor.

    While intended to strengthen revenue collection, the measure has unintentionally hit those least able to bear the burden, several senior citizens living off modest savings complained. A senior citizen with Rs. 3 million in fixed deposits now earns around Rs. 300,000 annually as interest, but faces an automatic deduction of Rs. 30,000 under the new system, they pointed out.

    After applying the standard Rs. 1.8 million personal tax free allowance, the actual tax payable may be less than Rs. 10,000. Yet the Inland Revenue Department (IRD) holds the full Rs. 30,000, leaving the retiree to navigate a complex refund process that can stretch for months.

    “This system, taxes people beyond their true liability and expects them to beg for refunds later,” lamented Sunil Pilapitiya a retired engineer from Kandy. “For someone in their 70s, filling forms and visiting tax offices is not practical. Many of us just give up.”According to Census data, Sri Lankans aged 60 and above now account for nearly 18 per cent of the population about 3.9 million people. Of these, analysts estimate around one million elderly depositors are currently subject to WHT deductions. For many, this tax is not merely a fiscal inconvenience but a direct reduction in essential income used for food, medicine, and utility bills.

    A national advocacy group for the elderly has voiced deep concern over what it calls “a policy that taxes the vulnerable to fill budget gaps”. In a recent statement, the organisation noted that the WHT revision “creates refund barriers so high that thousands of seniors will effectively pay more than their fair share”.

    An official of the Finance Ministry noted that withholding tax systems are intended to simplify compliance, not punish low-income savers. “When interest earnings form the only income for many seniors, automatic deductions without regard to thresholds distort the equity of the tax system,” he said. A large group of retired public servants has urged the finance ministry to take corrective steps in the 2026 Budget. They recommended establishing a simple exemption declaration for low-income seniors at bank level and introducing automatic refund credits for overpayments within 60 days.


    - https://www.sundaytimes.lk/251005/business-times/senior-savers-squeezed-by-10-wht-613967.html
     

    Irugal_Bandara

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  • Feb 28, 2023
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    Ithin a kapena WHT amount eka oyata hama awuruddema September final balance payment ekedi adu karaganna puluwanne. Year end ekedi bank eken balance confirmation & WHT certificate eka request karala illa ganna. Final submission ekedi submit karanna.
     

    ob_server

    Well-known member
  • Jan 16, 2023
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    āļŊāļšāˇŠāˇ‚ 20 ⎂⎐āļŊāļģ⎒ ⎀⎐āļ§āˇ™āļą āļ‘āļšāˇ™āļšāˇŠāļ§ āļ‘āļ­āļšāˇœāļ§ āˇƒāˇ“āļēāļ§ āļ¯āˇ„āļē āļ…āļŠāˇ” āļšāļģāļąāˇŠāļąāļ­āˇŠ āļļ⎑ ⎀⎐āļŠāˇ’āļ´āˇ”āļģ āļšāˇāļ´āˇ™āļą āļ§āˇ’āļš āļ†āļ´āˇ„⎔ āļœāļąāˇŠāļąāļ­āˇŠ āļļ⎑ āļŊ⎜āļŊ⎊.😂
    👇

    Ithin a kapena WHT amount eka oyata hama awuruddema September final balance payment ekedi adu karaganna puluwanne. Year end ekedi bank eken balance confirmation & WHT certificate eka request karala illa ganna. Final submission ekedi submit karanna.
     

    Bam

    Well-known member
  • Apr 6, 2025
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    ⎃⎐āļŊāļģ⎒ ⎆āļē⎒āļąāļŊ⎊ āļ§āˇāļšāˇŠāˇƒāˇŠ āļšāļ´āļąāˇŠāļąāˇ™ āļšāļ¸āˇŠāļ´āˇāļĢ⎒ āļ‘āļšāˇ™āļąāˇŠ 150k āļ§ āˇ€āˇāļŠāˇ’ āļąāļ¸āˇŠ āļ’āļš āļąāˇ€āļ­āˇŠ ⎀āļąāˇŠāļą āļļ⎑ .

    wth āļšāļ´āļąāˇŠāļą āļ‘āļ´āˇ āļšāˇ’āļēāļąāˇŠāļą āļļ⎑. 1.8 m ⎀⎐āļŠāˇ’āļąāļ¸āˇŠ.


    āļšāˇœāˇ„āˇœāļ¸āļ¯ āļ¯āˇâ€â€āļ‚ āļ”āļē ⎃⎐āļ´āˇŠāļ­āˇāļ¸āˇŠāļļāļģ⎊ āˇƒāˇ“āļąāˇŠ āļ‘āļš āļšāļģāļąāˇŠāļąāˇ™. āļ´āˇ„āļ¯āļąāˇŠāļą.