2. Section 10 of the Ceiling on Income and Compulsory Savings Law, No. 15 of 1.972, hereafter in this Law referred to as the " principal enactment ", is hereby repealed and the following new section substituted therefor:
| 10. An individual who is the head of a family or who is not included in a family shall not be required to pay contributions under this Law-
| | (a) for any year of assessment commencing on or before April 1, 1973.
| | | (i) if the income tax which he would be liable to pay under the principal Act for that year of assessment on a taxable income equal to his contributable income does not exceed eight hundred and forty rupees; or |
| (ii) if his total income for that year of assessment does not exceed twelve thousand rupees; and |
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| | (b) for any year of assessment commencing on or after April 1, 1974, if his total income for that year of assessment does not exceed eighteen thousand rupees.". | | |
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Sri Lanka Consolidated Acts