Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 27 of 1995) - Sect 11

Insertion at new section 32EEE in the principal enactment

11. The following new section is hereby inserted, immediately after section 32EE of the principal enactment, and shall have effect as section 32EEE of the principal enactment :-
32EEE.
(1) There shall be deducted from the income tax payable for any year of assessment commencing on or after April 1, 1993, by any individual not being an individual to whom the provisions of l subsection (7) of section 67 apply, whose assessable income for that year of assessment includes profits from employment, an amount ascertained in accordance with the succeeding provisions of this section-
(a) where such year of assessment is the year of assessment commencing on April 1, 1993, and where for that year of assessment the amount of the relevant profits form employment of such individual-
(b) where such year of assessment is the year of assessment commencing ok April 1, 1994, and where for that year of assessment the amount of the relevant profits from employment of such employee-
(c) where such year of assessment is any year of assessment commencing on or after April 1, 1995, and where for that year of assessment the amount of the relevant profits from employment of such individual
(2) For the purposes of this section-
(a) " the relevant profits from employment " in relation to any individual And to any year of assessment means the profits from employment of such individual for such year of assessment after deducting there from the aggregate of-
(b) "the amount of income tax which it attributable to the Relevant profit from employment" in relation to any individual and to any year of assessment means the sum which bears to the relevant income tax payable by that individual for that year assessment, the same proportion as the proportion which the relevant profits from employment of that individual for that year of assessment bears to the relevant assessable income of that individual for that year of assessment;
(c) " relevant income tax ' in relation to any individual and to any year of assessment, means the income tax year of assessment before granting any relief, whether under this section or any other section, of this Act and after deducting therefrom the 'income tax, in respect of the profits from employment referred to in sub-paragraphs ( i) and (ii) of paragraph (a) of this section ;
(d) relevant assessable income " in relation to any individual and to any year of assessment, means-


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