Free tool
WHT on Interest Calculator
Banks in Sri Lanka deduct 10% withholding tax (Advance Income Tax) from the interest they pay you. Enter your deposit amount, rate and period to see the gross interest, the tax deducted and what you actually receive.
WHT on interest income
10% withholding (Advance Income Tax) on deposit interest
Gross interest
LKR 100,000
WHT (10%)
LKR 10,000
Net interest
LKR 90,000
Individuals whose total assessable income falls below the taxable threshold can seek an exemption or refund of WHT by filing a declaration with their bank / the Inland Revenue Department. Rates as of 2026 — verify with IRD.
Frequently asked questions
What is the WHT rate on interest in Sri Lanka?
10% on interest paid to resident individuals, deducted by the bank at source (as of the 2026 rules — verify with the IRD, as rates have changed in past budgets).
Can I get the withholding tax back?
If your total annual income is below the taxable threshold, you can declare this to the bank to stop the deduction, or claim a refund/credit through an income tax return.
Does WHT apply to savings accounts too?
Yes — it applies to interest from savings accounts, fixed deposits and most other deposit products paid to individuals.
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