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srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

40. Insertion of section 132A in the principal enactment

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

The following new section is hereby inserted immediately after section 132 of the principal enactment and shall have effect as section 132A of that enactment:—

132A. (1) There shall be deducted from the income tax payable for any year of assessment commencing on or after April 1, 2008, by any employee of any Government Institution, whose assessable income for that year of assessment includes any official emoluments, such amount as referred to in subsection (2).

(2)

The deduction shall be an amount which bear to the income tax charged on such employee as referred to in subsection (1) for such year of assessment, the same proportion which the official emoluments (other than any pension, bonus, incentive payments, reward,

“Deduction from income tax on the official emoluments of any employee of any

Government

Institution.

Act, No. 9 of 2008

share of fines or other similar payment) of such employee for that year of assessment, bear to the total statutory income of that employee for that year of assessment.

For the purpose of subsections (1) and (2) of this section, “official emoluments” means profits from employment as specified in paragraph (a) of subsection (1) of section 4, received for services rendered.

(3)

For the purpose of this Chapter,

“Government Institution” means any institution or person which employs individuals holding any office referred to in paragraph (b) of subsection (1) of section 8.”.

Read on from s 41