24. Amendment of the First Schedule to the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

The First Schedule to the principal enactment is hereby amended as follows:—

(1)

by the substitution in Part I of that Schedule, for the words “Any individual other than an individual referred to in Part II or Part III”, of the words and figures “For any year of assessment ending on or before March 31, 2009, any individual other than an individual referred to in Part II or Part III”; and

(2)

by the insertion immediately after Part I of that

Schedule, of the following new Part:—

“PART I A

For any year of assessment commencing on or after April 1, 2009, any individual other than an individual referred to in Part II or Part III

On the first Rs. 400,000 of the taxable income 05 per centum

On the next Rs. 400,000 of the taxable income 10 per centum

On the next Rs. 400,000 of the taxable income 15 per centum

On the next Rs. 500,000 of the taxable income 20 per centum

On the next Rs. 500,000 of the taxable income 25 per centum

On the next Rs. 500,000 of the taxable income 30 per centum

On the balance of the taxable income 35 per centum

.”.

Read on from s 25