Payroll Specialist salary in Sri Lanka

Average Yearly Salary of Payroll Specialist in Sri Lanka is approximately 1,601,043 LKR (4,616 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Payroll Specialist do?

A payroll specialist is responsible for managing and processing employee payrolls within an organization. They ensure accurate calculation of wages, salaries, deductions, and taxes, while also maintaining payroll records and resolving any discrepancies or issues that may arise. Additionally, they may assist in preparing financial reports related to payroll expenses and provide support during audits or compliance reviews. This role requires strong attention to detail, as well as knowledge of payroll laws, regulations, and best practices. Payroll specialists must also possess excellent organizational and time management skills to meet deadlines and handle multiple tasks simultaneously. Effective communication and problem-solving abilities are essential when addressing payroll inquiries and collaborating with other departments.

Skills: Payroll processing, Payroll management, Payroll administration, Payroll compliance, Payroll records, Payroll reporting.
Job industry: Human resources

How much does Payroll Specialist make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Payroll Specialist a well paid job?

Yes, our data show that Payroll Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Payroll Specialist?

High salary for Payroll Specialist would be somewhere between 1,761,147 LKR and 2,321,512 LKR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Payroll Specialist in Sri Lanka?

Living in Sri Lanka the approximate monthly expenses are: 224 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 1,601,043 LKR
Estimated Monthly Salary: 133,420 LKR
Estimated Weekly Salary: 30,789 LKR per week
Estimated Hourly Salary: 770 LKR per hour
By working as Payroll Specialist a person can save up to 160 USD per month or 1,923 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Sri Lanka, see costs of living in Sri Lanka.

Salary comparison to region and neighbouring coutries

Country's neighbours are: India, Maldives.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Payroll Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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