50. 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 as last amended by Act, No. 19 of 2009, is hereby further amended as follows :-

(1)

by the substitution in Part IA 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, “but ending on or before March 31, 2011, any individual other than an individual referred to in Part II or Part III”,;and

(2)

by the insertion immediately after Part IA of that

Schedule, of the following new Part :-

“PART I B

For any year of assessment commencing on or after

April 1, 2011, any individual other than an individual referred to in Part II or Part III -

On the first Rs. 500,000/-

4 per centum of the taxable income

On the next Rs. 500,000/-

8 per centum of the taxable income

On the next Rs. 500,000/-

12 per centum of the taxable income

On the next Rs. 500,000/-

16 per centum of the taxable income

On the next Rs. 1,000,000 20 per centum of the taxable income

On the Balance of the taxable income 24 per centum”

Read on from s 51