Lawmakers paying 36% as tax and their salaries exposed !
High-income earning professionals engaged in various occupations were subject to taxes; as were Members of Parliament and Ministers (Picture AFP)
- Total salary of a parliamentarian comprises largely of the allowances he or she receives
- MPs are provided with a support staff comprising six people, and MPs in distant provinces are given a house from the Madiwela Housing Complex for a rent of 1000 rupees
- Member of Parliament Dayasiri Jayasekara recently raised concerns about the impact of income tax on his salary and living
- The basic salary for MPs is 54,285 rupees, and they are also entitled to fuel and office allowances
- Salary of a Member of Parliament in January was 416,852 rupees
- Ministers and the Leader of the Opposition on the other hand receive a pension worth Rs 21,666 for their service
The government has introduced different income brackets under the ‘Pay As You Earn Tax’ (PAYE) system. If you earn between 100,000 to 141,667 rupees per month, you’ll be charged
6% in taxes for what’s earned above Rs 100,000. In the same manner if you earn between 141,667 to 183,333 rupees per month, you’ll be charged 12%. And the tax rate goes up as you earn more - 18% for those earning between 183,333 to 225,000 rupees, 24% for those earning between 225,000 to 226,267 rupees, and 30% for those earning between 226,267 to 308,333 rupees per month; what’s subject to tax in all these categories being...
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