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Rental Income Tax Calculator Sri Lanka

25% standard deduction on gross rent, plus actual expenses if better. For landlords with one or more properties.

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Reflects Year of Assessment 2025/2026 · Last updated 2026-06-13 · Reviewed by TaxWise · Source: Inland Revenue Act No. 24 of 2017, Inland Revenue (Amendment) Act No. 02 of 2025, Inland Revenue Department

Calculator
Rent income assessable
Compares 25% statutory deduction vs actual expenses where provided.
Gross rent (annual)Rs. 1,200,000
Rs. 0Rs. 10,000,000
Actual expenses (optional)Rs. 0

Repairs, insurance, rates — enter total if claiming actuals.

Rs. 0Rs. 1,200,000
Result
Rs.900,000
Statutory 25% allowance
Deduction appliedRs. 300,000
Assessable rent incomeRs. 900,000

Estimator only

Single gross rent figure. No per-property ledger or WHT pairing.

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Where aggregate rent exceeds Rs. 100,000/month, 10% WHT is withheld at source — creditable against your IIT liability, not a final tax.
Full experience

Every property, one assessable rent total

Statutory vs actual expenses per property, plus 10% WHT credits on the return.

  • Add multiple rental properties with expense method per row
  • 25% statutory allowance compared to actuals automatically
  • Rent schedule and WHT credits on your IIT return worksheet
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Filing opens Apr 2026 · Y/A 2025/2026 return due 30 Nov 2026

Frequently asked questions

Do I get a deduction on rental income?
Yes — a 25% statutory allowance for resident individuals on investment-asset rent, or your actual allowable expenses if they come to more.
Is WHT deducted on rent?
10% is withheld where aggregate rent exceeds Rs. 100,000 per month. It is creditable against your final liability, not a final tax.

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Estimator disclaimer

Results follow the Inland Revenue Act and the 2025 Amendment for Y/A 2025/2026 but are not tax advice. Rounding, missing inputs, and simplified assumptions can change the final figure; only a filed return counts with IRD.