EPF and ETF calculator (Sri Lanka)
Employee 8%, employer 12% EPF and 3% ETF on a monthly salary, with the total cost to company.
Rates: employee 8%, employer 12% EPF, employer 3% ETF.
| Employee EPF (8%) | LKR 8,000.00 |
| Employer EPF (12%) | LKR 12,000.00 |
| Employer ETF (3%) | LKR 3,000.00 |
| Total EPF remitted (20%) | LKR 20,000.00 |
| Salary after employee EPF | LKR 92,000.00 |
| Cost to company (salary + 15%) | LKR 115,000.00 |
How this is calculated
- EPF: the employee contributes 8% and the employer 12% of monthly earnings, remitted together as 20% to the EPF by the last working day of the following month.
- ETF: the employer alone contributes 3% of the same earnings to the Employees' Trust Fund. Nothing is deducted from the employee.
- Earnings liable: basic salary plus cost-of-living, fixed allowances and any payment for work done. Overtime, bonuses and travelling reimbursements are generally excluded.
Frequently asked questions
- Is EPF deducted on overtime?
- No. Overtime is not part of the earnings on which EPF and ETF are calculated. Basic salary, cost-of-living allowance and other fixed allowances are.
- What is the total EPF and ETF cost to an employer?
- 15% of liable earnings: 12% EPF plus 3% ETF. The employee's 8% is deducted from salary, not an employer cost.
- When are EPF and ETF due?
- Both must reach the funds by the last working day of the month following the month the salary relates to. Late payment attracts a surcharge.