SriLanka, Nov. 8 -- President Anura Kumara Dissanayake has indicated that the Government plans to further increase the PAYE tax-free threshold in the upcoming Budget, providing additional tax relief to employees.

The current tax-free threshold, which was increased from Rs.100,000 to Rs.150,000, is expected to be revised upwards, he said. The President said the Government had held discussions with private sector business associations and taken steps to increase basic salaries. However, he acknowledged that the salary adjustments alone were insufficient to provide substantial relief to workers.

He said the Government had also considered employee allowances and the tax burden on higher-income earners when assessing measures to improve work...