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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.

Personal relief
Rs 1.8M
Slabs
6% → 36%
Interest AIT
10%
Return due
30 Nov 2026

Reflects Y/A 2025/2026Reviewed by TaxWiseLast updated 13 June 2026Source: 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

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

This is one piece of your return. See which schedules you file, which reliefs apply, and what the whole year comes to.

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Every property, one assessable rent total

Statutory vs actual expenses per property, plus 10% WHT credits on the return. You submit on the IRD e-Filing portal.

Start my returnReturn for Y/A 2025/2026 due 30 November 2026
In TaxWise
  • 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
This calculator: Single gross rent figure. No per-property ledger or WHT pairing.

Frequently asked questions

Yes — a 25% statutory allowance for resident individuals on investment-asset rent, or your actual allowable expenses if they come to more.

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Estimator disclaimerResults 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 return you submit to the IRD counts.