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AIT self-declaration check

Are you eligible to stop the 10% AIT on bank interest? Check against the Rs. 1.8M relief threshold.

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Eligibility

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

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AIT self-declaration eligibility
Resident individuals with no taxable income for the year may declare to stop the 10% AIT on deposit interest. Indicative — confirm with your bank.
Total assessable income for the year (LKR)Rs. 900,000

Add up all income sources for the Y/A — salary, interest, rent, business, etc.

Rs. 0Rs. 5,000,000
Eligibility
Likely eligible to self-declare

Your total assessable income is below the Rs. 1,800,000 personal relief, so you have no taxable income for the year. You may submit a self-declaration to your bank to stop the 10% AIT on interest.

Relief thresholdRs. 1,800,000
Your assessable incomeRs. 900,000

A TIN is required to self-declare. A false or misleading declaration carries a penalty up to Rs. 200,000 and bars you from declaring in future.

Estimator only

Single eligibility check. No TIN registration or declaration filing.

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Self-declaration is for resident individuals with no taxable income for the year — it is not senior-citizen-specific. Threshold from the active Y/A tax config.
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Confirm eligibility, then file with confidence

TaxWise confirms whether you have any taxable income for the year before you declare — avoiding the Rs. 200,000 false-declaration penalty.

  • Aggregate every income source to test the relief threshold
  • Eligibility re-checked as income changes through the year
  • Guidance on the TIN requirement and declaration risks
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Filing opens Apr 2026 · Y/A 2025/2026 return due 30 Nov 2026

Frequently asked questions

Who can submit an AIT self-declaration in Sri Lanka?
Resident individuals with no taxable income for the year — that is, total assessable income below the Rs. 1,800,000 personal relief. It is not senior-citizen-specific.
What happens if my self-declaration is wrong?
A false or misleading declaration carries a penalty up to Rs. 200,000, and you lose the right to declare again. A TIN is required to declare.

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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.