Article
Tax data
Year of Assessment 2021−22
Sri Lanka tax data for 2021−22
Personal tax
Employee benefits
Benefit
- Any benefits to the employee or associate
- Payments or gifts related to employment
- Shares allotted under an employee share scheme
Value for the tax purpose
- Fair market value
- Amount received or value
- Market value minus employees contribution
Payments or benefits exempted
- Dental, medical, or health insurance expenses if the benefit applicable for employees on equal terms
- Payments or benefits accruing to employees in common
- The value of a right or option to acquire shares at the time of grants (liable only on allotment)
- Compensation or gratuity payment for personal injuries or death
- Government pension and benefit from the road vehicle permit
- Retirement benefit being the refund of,
(i) provident fund
(ii) the investment income representing the amount derived by EPF, ETF, or any pension fund after 1 April 1987