Calculate EPF & ETF Contribution for Your Monthy Salary — Sri Lanka
Enter the monthly basic salary and contribution rates (editable). Defaults: Employee EPF 8%, Employer EPF 12%, Employer ETF 3%.
Results
Employee EPF (monthly)—
Employer EPF (monthly)—
Employer ETF (monthly)—
Total Employer (monthly)—
Total Contribution (monthly)—
Net Salary (monthly)—
Understanding EPF and ETF in Sri Lanka
What is EPF (Employees’ Provident Fund)?
The Employees’ Provident Fund (EPF) is the mandatory retirement savings scheme for private and semi-government sector employees in Sri Lanka. It is managed by the Central Bank of Sri Lanka (CBSL).
- Purpose: To provide a lump-sum financial benefit to employees upon their retirement, migration, permanent disability, or other specified conditions.
- Contribution: A total of 20% of the employee’s total monthly earnings.
- Employee’s Share: 8% (deducted from salary).
- Employer’s Share: 12% (paid by the employer).
- Key Fact: The EPF is a defined contribution scheme, and the balance earns an annual interest rate declared by the CBSL.
What is ETF (Employees’ Trust Fund)?
The Employees’ Trust Fund (ETF) is a separate social security scheme aimed at employee welfare and is managed by the Employees’ Trust Fund Board (ETFB).
- Purpose: Provides a benefit for employees, separate from retirement, which can be claimed after a qualifying period or upon cessation of employment.
- Contribution: The employer contributes 3% of the employee’s total monthly earnings.
- Employee’s Share: 0%.
- Employer’s Share: 3% (paid by the employer).
- Key Fact: Unlike EPF, ETF funds are solely employer-contributed, and employees can withdraw the full balance after five years of employment or at the time of leaving.