2020 - Table A

 The AGP for the Period refers to the Actual Gross Payments made until this month/s and Expected Gross Payments to be made in subsequent month/s of the period. Period from January 01, 2020 to March 31, 2020 on the cumulative income of the period.

Example:
Mr. Silva is a resident employee of a private institution and total of his last 3 months regular profits from employment (including non-Cash Benefits) was Rs 960,000. He received a bonus payment of Rs. 640,000 in February 2020.

Tax liability should be computed as follows:
Tax Computation for the Period (January –March, 2020)

                                                                                 
Gross regular employment income for the period  Rs.960,000
Bonus received in February                                    Rs.640,000
Gross payments for the period                            Rs.1,600,000
Tax payable for the period                                        Rs.57,000
(By applying the relevant tax rate in Cumulative tax table (1,600,000 X 12%) – 135,000)

Souce : Table 1