Gov. Tax Help

[humpty dumpty]

මචන්ලා,

කව්රුහරි දන්නවාද අපේ හදිසි විශාල ගනයේ මුදල් ඉපයීම් සදාහා අපි කොච්චර බදු ගෙවන්න ඕනැද කියලා.
ex - වාහන විකිණීම්, වතුපිටි විකිණීම්, ගෙවල් විකිණීම්, etc.

 

[DAstoner]

BUMP

 

[eranga_rama]

As far as i know there's no capital gain tax in sri lanka.

 

[humpty dumpty]

bump

BUMP

Thanks machan

 

[humpty dumpty]

As far as i know there's no capital gain tax in sri lanka.

Is that so, anyway thanks machan.
But what if I deposit it to my bank a/c ?

 

[eranga_rama]

Is that so, anyway thanks machan.
But what if I deposited it to my bank a/c ?

according to this chart current rate of withholding tax on interest is 2.50% (provided your assessable income for a year is more than Rs. 500,000)
http://www.ird.gov.lk/en/publications/SitePages/Tax Chart.aspx?menuid=1404

"
If any interest is paid or credited to an individual for any year of assessment (period of 12 months commencing from April 1) and such individual makes in writing a declaration (format annexed) to the respective branch of the Bank or Financial Institution certifying that:

His/her assessable income ( ie total income excluding exempt income) for that Year of Assessment does not exceed Rs. 500,000, then tax deduction should not be made from such interest for that Year of Assessment;

His/her assessable income for that Year of Assessment exceeds Rs. 500,000 but does not exceed Rs. 1,500,000, then tax should be deducted at 2.5% from such interest for that Year of Assessment; or

If the assessable income of any individual is more than Rs. 1,500,000/=, then tax deduction should be made at 8% (irrespective of whether a declaration is made or not)"

 

[ctpgamage]

matath danaganna ona api salli bank eke ekathukaran indala vehicle ekakata idamak ganna business ekakata wage yodawanawanam ekata tax wadinawada kiyala?

 

[humpty dumpty]

according to this chart current rate of withholding tax on interest is 2.50% (provided your assessable income for a year is more than Rs. 500,000)
http://www.ird.gov.lk/en/publications/SitePages/Tax Chart.aspx?menuid=1404

"
If any interest is paid or credited to an individual for any year of assessment (period of 12 months commencing from April 1) and such individual makes in writing a declaration (format annexed) to the respective branch of the Bank or Financial Institution certifying that:

His/her assessable income ( ie total income excluding exempt income) for that Year of Assessment does not exceed Rs. 500,000, then tax deduction should not be made from such interest for that Year of Assessment;

His/her assessable income for that Year of Assessment exceeds Rs. 500,000 but does not exceed Rs. 1,500,000, then tax should be deducted at 2.5% from such interest for that Year of Assessment; or

If the assessable income of any individual is more than Rs. 1,500,000/=, then tax deduction should be made at 8% (irrespective of whether a declaration is made or not)"

Thanks machan.
But I am very weak in statistics, if you don't mind bro can you please straight away tell me the exact tax amount for an amount of 5 million & 9.5 million respectively.