Rental Income Tax Calculator Sri Lanka
25% standard deduction on gross rent, plus actual expenses if better. For landlords with one or more properties.
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
Repairs, insurance, rates — enter total if claiming actuals.
Estimator only
Single gross rent figure. No per-property ledger or WHT pairing.
This is one piece of your return. See which schedules you file, which reliefs apply, and what the whole year comes to.
See your full profileEvery 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 November 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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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.