Currency
Sri Lanka Rupees
Payroll Frequency
max Monthly
Capital
Colombo
Fiscal Year
April 1st to March 31
Employer Taxes
Employee Costs
Date Format
Contribution
Employer contributions
Social Security Family Allowance: 5.75%
Social Security (CNSS) Work Injury 2.00% to 5.00% (variable)
Employees Provident Fund (EPF): 12.00%
Employees Trust Fund (ETF) 3.00%
Minimum Wage
Minimum wage:
No single minimum wage; it is set by sector-specific wage boards
Payroll
Payroll frequency: Can be weekly, bi-weekly, fortnightly, or monthly, but a wage period cannot exceed one month.
Overtime : Paid separately and requires employer approval.
13th salary: Not mandatory and is at the employer's discretion.
Minimum wage: No single minimum wage; it is set by sector-specific wage boards.
Working Hours
The standard working hours are generally 8:30 AM to 5:00 PM, Monday through Friday, though some businesses may operate on Saturday mornings. For every eight hours worked, employees are entitled to a one-hour break.
Leave
In Sri Lanka, employees are generally entitled to 14 days of annual leave and 7 days of casual leave per year, with the first year's annual leave prorated based on the start date. Annual leave is for long-term vacation, while casual leave is for short-term needs like illness or personal matters.
Date |
Day |
Holiday |
Notes |
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