28. Amendment of section 121 of the principal enactment

Section 121 of the principal enactment is hereby amended by the addition immediately after subsection (2)

of that section, of the following new subsection:-

“(3) Where during any year of assessment an employer has deducted income tax from the remuneration of any employee for any pay period any sum in excess of the amount deductible in respect of such remuneration for such pay period, such employer may reduce such excess from the amount of income tax deductible in respect of the remuneration of such employee for any pay period in such year of assessment or in the immediately succeeding year of assessment and notify the Commissioner-General accordingly within two weeks from the date of such adjustment.”.