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Message: <blockquote data-quote="Emios" data-source="post: 25035715" data-attributes="member: 254970">Minister Bandula Gunawardena noted that from this day onwards the P-A-Y-E Tax will not be in effect in Sri Lanka both in the state or the private sector, however, if you earn a monthly income of more than Rs. 250,000 from any source of income, they will be liable to pay income tax.He added that when the income exceeds the first threshold he/she would have to pay tax at 6% and for the second and third thresholds which are Rs 500,000 and Rs 750,000 they would be taxed 12% and 18% respectively.</blockquote>

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