4. Section 9 of the principal enactment as amended by Act, No. 27 of 1995 is hereby further amended in subsection(1) of that section as follows:-
| (1) in paragraph (bb) of that subsection, by the substitution for the words and figures "the official emoluments or any profits from employment referred to in paragraph (c) of subsection (1) of section 4,", of the words and figures "the official emoluments, or any pension, or any profits from employment referred to in paragraph (c) of subsection (1) of section 4," ; |
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| (2) in paragraph (bb) of that subsection, by the substitution for the words and figures "any year of assessment commencing on or after April 1, 1993", of the words and figures "any year of assessment commencing on or after April 1, 1993 but prior to April 1, 1997 " ; |
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| (3) by the substitution, for paragraph (1) of that subsection of the following paragraph :
| | "(l) profits and income not exceeding in the aggregate
| | | (a) one thousand two hundred rupees, for any year of assessment ending on or before March 31,1991 ; |
| (b) two thousand four hundred rupees, for any year of assessment commencing on or after April 1, 1991 but prior to April 1, 1997 ; and |
| (c) four thousand eight hundred rupees, for any year of assessment commencing on or after April 1, 1997, |
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| | (ii) profits and income not exceeding
| | | (a) one thousand two hundred rupees, for any year of assessment ending on or before March 31, 1991, |
| (b) two thousand four hundred rupees, for any year of assessment commencing or on after April 1, 1991; and |
| (c) four thousand eight hundred rupees, for any year of assessment commencing on or after April 1, 1997, |
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| (4) in paragraph (n) of that subsection by the substitution for the words and figures "commencing on or after April 1,1987, from investments made by it; and", of the words and figures "commencing on or after April 1,1987, from investments made by it;" ; |
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| (5) by the substitution for paragraph (o) of that subsection of the following paragraph :
| | "(o) such part of any sum referred to in paragraph (c) of section 4( 1) paid to any employee at the time of his retirement from any employment in any company formed under the Conversion of Public Corporations or Government Owned Business Undertakings into Public Companies Act, No. 23 of 1987, as. is attributable to the period of service by such employee prior to April 1,1997, in any public corporation or any government owned business undertaking, as the case may be; and" ; | | |
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| (6) by the insertion, immediately after paragraph (o) of that subsection, of the following paragraph :
| | "(p) such part of any sum referred to in paragraph (c) of section 4( 1) paid to any employee at the time of his retirement from any employment in any public corporation other than any public corporation referred to in sub-paragraph (ii) of paragraph (bb) of subsection (1), as is attributable to the period of service of such employee prior to April 1,1997 in such public corporation.". | | |
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Sri Lanka Consolidated Acts