Sri Lanka Consolidated Acts

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Employees' Provident Fund Act (No. 15 of 1958) - Sect 11

Right of employees and employers to elect to pay contributions calculated at higher percentages, and liability of employees and employers who make such election

11.
(1) An employee to whom this Act applies and his employer may elect, by notice sent to the Commissioner m the prescribed form and manner, to pay? after the date specified in the notice as the date on which the election shall take effect, contributions calculated at such percentages higher than those specified in section 10 as are specified in the notice.
(2) Where an employee and his employer make an election by notice under subsection (1) of this section, such election shall be irrevocable after the date on which the election takes effect, and they shall, after that date, be liable to pay as their contributions under this Act amounts calculated at the percentages specified in that notice.

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