132.
| (1) Notwithstanding anything contained in section 2 and in Chapters XIII and XIV of this Act, the income tax attributable to one half of official emoluments of any employee of a Government Institution for any year of assessment, shall be paid by such Institution if such part of official emolument of such employee for that year of assessment exceeds an amount equal to the allowance referred to in paragraph (a) of subsection (1) of section 33: |
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| (2) Notwithstanding anything contained in section 4 of this Act, the income tax in respect of one half of official emolument of any employee of a Government Institution shall be deemed not to form part of the profits from employment of such employee. |
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| (3)For the purposes of sub section (1), "the income tax attributable to one half of the official emolument of any employee of a Government Institution" means the income tax computed at the rates specified in Part I of the First Schedule to this Act on the one half of emoluments of such employee, after deducting therefrom a sum equal to the allowance referred to in paragraph (a) of sub section (1) of section 33. |
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| (4) For the purpose of this Chapter - |
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Sri Lanka Consolidated Acts