Employees Provident Fund
Employer: 12%(minimum of 12%)
Employee: 3%(minimum of 8%)
Employees Trust Fund
Employer’s Contribution: 3% of the total monthly earnings. (Not to be deducted from the employee’s monthly salary / wages).
Taxes: PAY AS YOU EARN (PAYE)
Please refer the following link of the Inland Revenue for further information:
Here are some basic information regarding the population and the employment in Sri Lanka.
• Mid year population - 20.6 Mn
• Growth rate - 0.9%
• Female Population - 10.6 Mn
• Male Population - 10 Mn
The following are the statistics relating to the labour force in Sri Lanka, which was obtained from the Annual Labour Force Survey Report of 2014.
* Labour Force is the currently economically active population. Which is the number of persons (age 15 years and above) who are employed and unemployed during the reference week.
Male : 63.6%
Female : 36.4%
Male : 25.5
Female : 74.5%
Unemployment rate is the Proportion of unemployed population to the total labour force.
Unemployment is when people looking for a job during last four weeks and ready to accept a job given a work opportunity within next two weeks.