Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 21 of 1994) - Sect 25

Replacement of section 113B of the principal enactment

25. Section 113B of the principal enactment is hereby repealed and the following section substituted therefor:-
113R. For the purposes of this Chapter the income tax attributable to the official emoluments in relation to any employee of any specified employer shall be-
(a) for the year of assessment commencing of April 1,1993, the excess of -
(i) the income tax computed at the rated specified in Part 11F of the First Schedule to this Act on such emoluments of such employee alter deducting therefrom a sum of forty two thousand rupees, over
(ii) one thousand eight hundred rupees;
(b) for any year of assessment commencing on or after April 1, 1994, the excess of"
(i) the income tax computed at the rates specified in Part 11F of the First Schedule to this Act on such emolument of such employee after deducting therefrom a sum of forty-two thousand rupees, over
(ii) six thousand rupees. ".


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