Your take-home pay is your gross salary minus income tax, EPF/ETF contributions, and other deductions. In Sri Lanka: EPF = 8% employee contribution, ETF = 3% employer. Income tax applies on annual income above 1,200,000 rupees. A 100,000 gross monthly salary typically nets around 80,000-85,000 after deductions.
📂 Finance
💼 Paycheck Calculator
Calculate your exact take-home pay after tax, EPF, and ETF deductions. Works for Sri Lanka, India, UAE, UK, and more. Know your real monthly income instantly!
✏️ Enter Your Values
🇱🇰 Sri Lanka: EPF 8% (employee) + ETF 3% (employer). Income tax from 2024: exempt up to 1,200,000/year (100,000/month). 6% on next 500,000/year.
✨ Your Result
🦉Owl's Explanation
💼
Fill in the values above and click Calculate ✨
✅ Trusted Tool
The 365tool.net Paycheck Calculator uses official tax rates for each country. Tax rules change — verify with your employer or tax authority for precise calculations. Free, no sign-up, results are approximate guidance.
🤔 How Does This Work?
The Paycheck Calculator applies country-specific deduction rules:
Sri Lanka: EPF 8% employee contribution + PAYE income tax on progressive slabs
India: Income tax on progressive slabs + PF 12%
UAE: No income tax! 100% take-home (minus voluntary savings)
UK: PAYE income tax + National Insurance contributions
Australia: Income tax on progressive slabs + Superannuation 11%
❓ Frequently Asked Questions
What is EPF in Sri Lanka?▼
EPF (Employees Provident Fund) is a mandatory retirement savings scheme. Employees contribute 8% of gross salary. Employers contribute 12%. Total 20% goes into your EPF account. You receive this when you retire or leave the company (after age 50 in most cases).
What is ETF in Sri Lanka?▼
ETF (Employees Trust Fund) is another mandatory contribution in Sri Lanka. Employers contribute 3% of gross salary. Employees do not contribute to ETF. This is separate from EPF and can be withdrawn when you leave a job.
How is income tax calculated in Sri Lanka?▼
From 2024: First 1,200,000 rupees per year (100,000/month) is tax-free. Then: 6% on next 500,000, 12% on next 500,000, 18% on next 500,000, 24% on next 1,000,000, 30% on next 1,000,000, 36% above 4,800,000.
Do I get EPF money if I resign?▼
You can withdraw EPF contributions when you reach age 55 (retirement age) or if you emigrate permanently. Early withdrawal is possible in some circumstances but is taxed. It is designed to be long-term retirement savings.
What is the difference between gross and net salary?▼
Gross salary is what your employer agrees to pay you. Net salary (take-home pay) is what actually arrives in your bank after all deductions: income tax, EPF employee contribution, and any other deductions. Always negotiate and compare gross salary.
EPF (Employees Provident Fund) is a mandatory retirement savings scheme. Employees contribute 8% of gross salary. Employers contribute 12%. Total 20% goes into your EPF account. You receive this when you retire or leave the company (after age 50 in most cases).
What is ETF in Sri Lanka?▼
ETF (Employees Trust Fund) is another mandatory contribution in Sri Lanka. Employers contribute 3% of gross salary. Employees do not contribute to ETF. This is separate from EPF and can be withdrawn when you leave a job.
How is income tax calculated in Sri Lanka?▼
From 2024: First 1,200,000 rupees per year (100,000/month) is tax-free. Then: 6% on next 500,000, 12% on next 500,000, 18% on next 500,000, 24% on next 1,000,000, 30% on next 1,000,000, 36% above 4,800,000.
Do I get EPF money if I resign?▼
You can withdraw EPF contributions when you reach age 55 (retirement age) or if you emigrate permanently. Early withdrawal is possible in some circumstances but is taxed. It is designed to be long-term retirement savings.
What is the difference between gross and net salary?▼
Gross salary is what your employer agrees to pay you. Net salary (take-home pay) is what actually arrives in your bank after all deductions: income tax, EPF employee contribution, and any other deductions. Always negotiate and compare gross salary.