23. Insertion of new section 40A in the principal enactment

The following new section is hereby inserted immediately after section 40 of the principal enactment and shall have effect as section 40A of that enactment:—

40A. Such part of the taxable income of any citizen of Sri Lanka for any year of assessment commencing on or after

April 1, 2008, as consists of his profits from employment as a pilot of any airline licensed under the Air Navigation Act (Chapter 365), shall, notwithstanding anything to the contrary in any other provision of this Act, be charged with income tax at the appropriate rates specified in Part I of the First Schedule to this

Act, provided that the rate of at which income tax is so charged, shall not in any case exceed 20 per centum.”.