DFCC Bank announces updated Personal Income Tax Calculator

Saturday, 15 July 2023 00:00 - - {{hitsCtrl.values.hits}}

Responding to a timely need, DFCC Bank, Sri Lanka’s Bank for Everyone, has recently unveiled its easy-to-use, updated, and powerful Personal Income Tax Calculator.

Using the DFCC Bank Personal Income Tax Calculator, you can instantly self-assess your annual tax liability from 1 April 2022 to 31 March 2023, using dynamic and comprehensive tools that simplify the tax calculation process. The Calculator has also been updated to align with the latest personal income tax policies introduced by the Inland Revenue Department (IRD) for maximum accuracy in just a few clicks.

Vice President of Digital Banking and Strategy Dinesh Jebamani said: “As a futuristic and digitally-savvy bank, we want to empower our customers to seamlessly stay abreast of the changes introduced recently concerning personal income tax. Thus, our updated Personal Income Tax Calculator is helping simplify our customers’ finances whilst adding value beyond financial services. In line with our commitment to creating an inclusive financial system, our personal income tax calculator is free and uncomplicated for anyone to use through our website and is not limited to DFCC Bank customers.”

DFCC Bank’s Personal Income Tax Calculator is designed to be dynamic and comprehensive, allowing users to input their income details and receive an instant estimation of their tax obligations. It is also continuously updated to align with the latest tax regulations and requirements as and when they are amended.

This provides a one-stop tool for individuals to assess and understand their income tax liability and obligations instantly.

Additionally, informative tooltips are available to provide explanations and guidance on specific fields, making the Calculator easy to use and understand. It also allows users to learn more about DFCC Bank and its services if they wish to. Once calculations are completed, users can conveniently print or download the results in PDF format, allowing quick reference.