New Income Tax for Pay As You Earn (PAYE) in Sri Lanka for Year 2018

The New Inland Revenue that effective from 1st April 2018 has changed the formulae of Pay As You Earn (PAYE) Tax Calculation on your employment profits.

See below table for tax calculations

Monthly Regular Profit from Employment Tax
Up to Rs. 100,000 Exempted
Rs. 100,001 to Rs. 150,000 4% – Rs. 4000
Rs. 150,001 to Rs. 200,000 8% – Rs. 10,000
Rs. 200,001 to Rs. 250,000 12% – Rs. 18,000
Rs. 250,001 to Rs. 300,000 16% – Rs. 28,000
Rs. 300,001 to Rs. 350,000 20% – Rs. 40,000
Exceeding Rs. 350,001 24% – Rs. 54,000

 

As above detail is bit confusing to understand, let see below examples and calculate how much would be reduce from salary as PAYE Tax.

Example 1

If your Monthly Salary is Rs.80,000/-

You will be exempted from PAYE for monthly income. Let assume if you get Rs. 350,000 as Bonus than you will be taxable as below

Taxable Calculation

Annual Salary     Rs.80,000 x12     Rs. 960,000/-

Bonus                   Rs. 350,000/-

Total Taxable Profit         Rs. 1,310,000/-

Tax Exempted                   Rs. 1,200,000/-

Tax Calculation will be 1,310,000 x 4% = 52,400 – (4,000 Per Month x 12 Months)

So Final Tax Payment would be Rs. 4,400/-

 

Example 2

If your Monthly Salary is Rs.150,000/-

You will be liable for 8% Tax and reduction of Rs.10,000 per month of PAYE for monthly income. Let assume if you get Rs. 350,000 as Bonus than you will be taxable as below

Taxable Calculation

Monthly Salary  Rs.150,000/-

New Income Tax for Pay As You Earn (PAYE) in Sri Lanka for Year 2018

PAYE from Monthly Income        150,000×8% – Rs.10,000 = Rs. 12,000-Rs.10,000 = Rs. 2,000/- Per Month

Bonus                   Rs. 350,000/-

PAYE for Bonus will be 350,000 x 20% = 70,000

Hope above Calculations are clear, please do write us a comment if you need any further clarifications

Samsung J Series Mobile Phone Prices in Sri Lanka – Latest Update

Samsung Sri Lanka brought you Samsung J Series mobile phones at an affordable price for this festive season. See below table for the latest Samsung J Series Mobile phone prices.

Model Price
Samsung Galaxy J7 Pro Rs. 48,200/-
Samsung Galaxy J7 Max Rs. 42,250/-
Samsung Galaxy J7 Prime 2 32GB Rs. 37,490/-
Samsung Galaxy J7 Nxt 32GB Rs. 32,250/-
Samsung Galaxy J7 Nxt 16 GB Rs. 25,900/-
Samsung Galaxy J2 Pro Rs. 21,250/-
Samsung Galaxy J2 Rs. 17,250/-

 

For more details contact to Samsung Sri Lanka on 011 7267864 or see below image

Samsung J Series Mobile Phone Prices in Sri Lanka – Latest Update

Yamaha Musical Instrument Promotion in Colombo Sri Lanka

Yamaha Music Centre brought you the season discounts for the range of Yamaha Musical Instrument for this Sinhala Tamil New Year.

Acoustic Pianos & Digital Pianos Starting from Rs. 88,500/-
Synthesizers Starting from Rs. 70,500/-
Digital Keyboards Starting from Rs. 17,500/-
Acoustic Guitars Starting from Rs. 14,000/-
Electric Bass Guitars Starting from Rs. 30,000/-
Brass & Woodwind Instruments Starting from Rs. 71,500/-
Acoustic Electric Drums Starting From Rs. 37,500/-

 

For more details or inspect visit Yamaha Music Centre at 296, Bauddhaloka Mawatha, Colombo 07 or contact 0112 595608/9 or see below image

Yamaha Musical Instrument Promotion in Colombo Sri Lanka

Laptop Price from Singhagiri

Singhagiri Brought you a special discount on Laptop for this festive seasons, enjoy the special offer until stock at last.

Model Normal Price Special Price
HP Pavilion i5 Rs. 139,990/- Rs. 129,990/-
HP Pavilion i7 Rs. 149,900/- Rs. 139,900/-
HP Pavilion x360 i5 Rs. 169,990/- Rs. 129,990/-
Spectre X360 Convertible i7 Rs. 285,990/- Rs. 270,990/-

 

Special 30 Months interest free instalments available for Nation Trust, HNB, Commercial and Sampath Credit cards and Free Gift and Isiand wide service available with 3 Years Warranty.

*Terms and Conditions apply

For more details contact to Singhagiri on 0115 413 206 or see below image

Laptop Price from Singhagiri

Samsung TV Prices in Sri Lanka

Softlogic is an Authorized dealer for Samsung in Sri Lanka Brought you the Latest Samsung TVs at an special prices for this Seasons.

And enjoy special 36 Months Interest Free Instalment scheme along with 35% off.

Model Normal Price Special Cash Price Instalment Basis
Samsung QLED Smart TV 65” 949,999/- Rs. 849,999/- Rs. 35,417/-
Samsung 4K UHD LED TV 65” 479,999/- Rs. 399,999/- Rs. 16,667/-
Samsung 4K UHD LED TV 50” 229,999/- Rs. 189,999/- Rs. 7,917/-
Samsung Full HD Smart TV 49” 224,999/- Rs. 174,999/- Rs. 7,292/-

 

For more details see below image or contact to Softlogic on 0115 705 705

Samsung TV Prices in Sri Lanka

Acer Aspire 3 Now for Rs. 57,000/- from Abans

Abans brought you Acer Aspire 3 for Rs. 57,000/- a special cash price promotion. The offer valid only stock at last.

Acer Aspire 3 A315-21-62NV best suits for day today use with multiple features as below,

  • AMD A6- 9220 7th gen Processor
  • 4GB RAM
  • 1TB HDD
  • Integrated AMD Radeon™ R5 Graphics

 

Normal Price: Rs.66,000
Special Cash Price: Rs.57,000
Pay Monthly: Rs.3,599 Upwards

 

For more details contact to Abans on 011 886 655 or see below image

Acer Aspire 3 Now for Rs. 57,000/- from Abans

Cocoon Resorts and Villas Anniversary Bonanza – Suzuki Wagon R for Every Month

Nestled in the serene atmosphere of a quaint Southern village, Cocoon Resorts & Villas located on Kaikawala Road, Induruwa presents a unique getaway. Experience elegant luxury in a tranquil space consisting of 3 Grand Villas with their own private pools and 7 Luxury Villas and 16 Silk Rooms with their own Jacuzzis.

In celebration of 5 years of success, Cocoon Resorts Sri Lanka gives you the chance to win the following prizes every month:

1st Prize- Suzuki Wagon R

2nd Prize – Return Air Ticket to Dubai

3rd Prize — Return Air Ticket to Singapore

 

Enter the draw by staying at any of the Cocoon Resorts luxury properties:

  • COCOON RESORTS 8c VILLAS, Induruwaa
  • COCOON HILLS, Nuwara Eliya
  • Royal cocoon, Nuwara Eliya

For every night of your stay at our Silk Rooms, you earn a single entry into the draw and for each night spent at any of our Villas you earn two entries into the draw.

Silk Room with Jacuzzi    Rs. 27.000/-

Luxury Villa with Jacuzzi                Rs. 45,000/-

Grand Villa with Private Pool       Rs. 47,900/-

 

Offer period: 07th April to 07th September 2018

This offer is only applicable for Sri Lankan nationals and expatriates who have a valid Residence Visa during the period of their stay. Results will be announced on the 8th of every month

Make your bookings soon to avoid disappointment. For reservations and more details contact: Subhani 0115 96 86 86 /Sandamali- 0115 94 95 95 / Shashika- 0115 47 44 00 / Madushika- 0115 76 77 00 or visit www.cocoonresorts.com or see below image

Cocoon Resorts and Villas Anniversary Bonanza – Suzuki Wagon R for Every Month

 

Elysian Mirissa Condominium Apartment in Mirissa for Rs. 14 Million Upwards

Elysian Realty (Pvt) Ltd and Milroy Perera Associates Brought you a luxuries home at Mirissa for Rs. 14 Million Upwards.

Elysian Mirissa Condominium Apartment Claims that the most competitive beachfront apartments in Sri Lanka along with the below facilities,

  • 1-3 Bedroom Apartments
  • 3-4 Bedroom Sky Villas With Private Decks & Swimming Pools
  • Spa
  • Gym
  • Laundry
  • Restaurant
  • Sky Gardens
  • Rooftop Infinity Pools
  • Yoga & Meditation Areas
  • Concierge & Management Services

Price Starting From : Rs.14Million

for more details visit to Elysian Reality (Pvt) Ltd at No.7, 27th Lane, Inner Flower Road, Colombo 3

Or see below image

Elysian Mirissa Condominium Apartment in Mirissa for Rs. 14 Million Upwards

Softlogic lifestyles Furniture Sinhala Tamil New Year 2018 Promotion

Softlogic lifestyles Furniture brought you a special promotion for the range of furniture for this Avurudu Festive season.

Ashlev Sofa 3+2 + 1

Normal Price:     Rs. 159,999/-

Special Price:      Rs. 145,999/-

Monthly               Rs. 10,402/-

 

Clara L- Shape sofa 2 + 2 +1

Normal Price:     Rs. 119,999/-

Special Price:      Rs. 104,999/-

Monthly               Rs. 8,549/-

 

Perth Sofa 2 + 1+1

Normal Price:     Rs. 56,999/-

Special Price:      Rs. 44,999/-

Monthly               Rs. 3,053/-

 

Softlogic Lifestyle Furniture offers range of offers as below,

  • Up to 60 Months interest free installment plans on leading credit cards
  • Pay Monthly with 0% interest
  • Up to 16,000/- special cash Discount

Available at all Softlogic MAX & selected Softlogic stores island wide

For more details contact Softlogic furniture on 0115 705 705 or see below image

Softlogic lifestyles Furniture Sinhala Tamil New Year 2018 Promotion

Suzuki All New 2018 CelerioX Now available in Sri Lanka for Rs. 2,995,000/- As an introductory Price

AMW introduce Suzuki All New 2018 CelerioX into Sri Lanka automobile industry at a special introductory price of Rs. 2,995,000/-.

You can own your Suzuki All New 2018 CelerioX by trade in your Celerio at Automall Just for Rs. 25,250/- per Month Instalment basis.

See below Suzuki All New 2018 CelerioX Features

Fuel type Petrol
Mileage-highway (kmpl) 23.1
Seating capacity 5
Fuel tank capacity (litres) 35
Transmission type Manual
Engine displacement (cc) 998cc
Maximum power (PS) 68
Engine model K10B
Displacement (cc) 998cc
Cylinders 3
Cylinder config Inline
Maximum power (PS) 68
Maximum torque (Nm) 90
Layout FWD
Valve train SOHC
Bore (mm) 73
Stroke (mm) 79.4
Compression ratio (:1) 10
Transmission
Gears 5
Transmission type Manual
Clutch Type Single
Fuel
Fuel type Petrol
Fuel system Multi-point injection
Suspension
Front suspension McPherson strut
Rear suspension Coupled torsion beam axle
Chassis type Monocoque
Brakes
Front brakes Disc
Rear brakes Drum
Tyres
Tyres front 165/70R14
Tyres rear 165/70R14
Steering
Steering type Power
Instrumentation
Tachometer No
Trip computer MFD Yes
Comfort & Convenience
Power windows front Yes
Power windows rear Yes
Power steering Yes
Steering adjust rake No
Steering adjust reach Yes
Aircon Yes
Climate control No
Rear aircon No
Remote boot No
Remote fuel lid Yes
Folding rear seat Yes
Leather seats No
Power seats No
Sun roof No
Steering controls No
Rear defogger No
Rear wash wipe No
Front fog lamps No
Cup holders Yes
MP3 No
AUX No
USB No
Exterior
Wheels – steel Yes
Wheels – alloy No
Length (mm) 3715
Width (mm) 1635
Height (mm) 1565
Wheelbase (mm) 2425
Ground clearance (mm) 165
Boot space (litres) 235
Fuel tank capacity (litres) 35
Kerb weight (kg) 835
Gross weight (kg) 1250
Seating 5
Front track (mm) 1420
Rear track (mm) 1410
Minimum turning radius (meters) 4.7
Manufacturer claimed (kmpl) 23.1
Airbags 1
Driver Airbag Yes
Passenger Airbag No
ABS No
TC No
ESP No
Immobilizer Yes
Child Locks Yes
Central locking Yes
Remote locking No

 

For more details contact to Associated Motorways (Private) Limited 445. Bauddhaloka Mawatha, Colombo 08 or visit www.suzuki.lk or see below image

Suzuki All New 2018 CelerioX Now available in Sri Lanka for Rs. 2,995,000/- As an introductory Price

Marriott Resort Weligama Bay – Sinhala Tamil New Year 2018 Promotion

Celebrate your avurudu in Weligama Marriott Resort from 12th to 16th April 2018 at special Family Offer/ Half Board Basis for Rs. 34,990/- Only.

The offer Includes;

  • Breakfast buffet and one major meal at Weligama Kitchen.
  • Third person at LKR 7,500 nett on half board basis.
  • 02 Kids below 6 years stay free.
  • Kids between 6 to 12 years will get 50% off on buffet meals.
  • Traditional Avurudu festivities and games.

 

*Conditions apply.

  • Shared accommodation up to 02 kids with parents.
  • Avurudu festivities and games will be held on 14th April 2018.

 

For more details contact to Weligama Bay Marriott Resort & Spa on +94 414 600 100 or see below image

Marriott Resort Weligama Bay – Sinhala Tamil New Year 2018 Promotion

25% off for UNITED COLORS OF BENETTON Branded Clothings in Sri Lanka till 12th April 2018

Turret and Urbertrendz brought you a special promotion of 25% off on UNITED COLORS OF BENETTON new arrival men’s, women’s, kid’s clothing and accessories until 12th April 2018.

This offer valid till stock at last and terms and conditions apply

Offers only valid in below stores

Turret Flagship Store, 64 Dharmapala Mawatha, Colombo 3 011 2372 343

Turret Kandy City Centre, L3 -#6B, 5 Dalada Veediya, Kandy 081 2222 722

Urbertrendz 273 Galle Road, Colombo 3 011 3070 554

For more details visit www.turret.lk , www.urbantrendz.lk  or see below image

25% off for UNITED COLORS OF BENETTON Branded Clothings in Sri Lanka till 12th April 2018

Honda Motor Bike Sinhala Tamil New Year Promotion 2018 (Avurudu Offer 2018)

Stafford Motor Co. (Pvt) Ltd Sri Lanka authorised agent and distributor for Honda Motor cycles brought a special promotion for Honda Motorbike on this festive season.

Honda CB Hornet 160R (Double Disc)
Normal Selling Price:       Rs. 431,900/-

Avurudu Offer Price:      Rs. 416,900/-

Honda CB Hornet 160R (Single Disc)
Normal Selling Price:       Rs. 401,900/-

Avurudu Offer Price:      Rs. 386,900/-

Honda CB Hornet 160R  comes with 163cc HET BS IV engine with 15.6 Bhp, Mono suspension with two coil springs and Combi brake system with equalizer. Honda CB Hornet 160R with 5 – Spoke split alloy wheels and Ventilated petal disc brakes with nissin brake calipers make it as an excellent bike.

Honda Activa

Normal Selling Price:       Rs. 221,900/-

Avurudu Offer Price:      Rs. 215,900/-

Honda Acitiva comes with 110cc HET BS III engine, Combi brake system, Tubeless tyres, MF Battery, Viscous air filter and Metal body

Honda Activa i

Normal Selling Price:       Rs. 216,900/-

Avurudu Offer Price:      Rs. 212,500/-

Honda Acitiva i comes with 110cc HET BS III engine, Combi brake system, Tubeless tyres, MF Battery, Viscous air filter

 

For more details about the promotion contact to Stafford Motor Co. (Pvt) Ltd on 011-7607200 or see below image

Honda Motor Bike Sinhala Tamil New Year Promotion 2018 (Avurudu Offer 2018)