4. Amendment of section 9 of the principal enactment

“commencing on or after April 1, 2011, to any individual”, of the words and figures “ commencing on or after April 1, 2011, but prior to January 1, 2015, to any individual”;

“(hh)

such part of any interest accruing for, or arising in, for the period commencing on

January 1, 2015 and ending on March 31,

2015, or for any year of assessment commencing on or after April 1, 2015 to any individual who is a citizen of Sri Lanka and resident in Sri Lanka and who is sixty years or more or reaching sixty years during the period commencing from January 1, 2015

and ending on March 31, 2015 or who is more than fifty nine years old on the first day of the year of assessment commencing on or after April 1, 2015, from any deposit maintained in any bank or financial institution authorized by the Central Bank of Sri Lanka to accept deposits from the general public or any registered society within the meaning of the Co-operative

Societies Law, No. 5 of 1972;

(hhh)

such part of any interest accruing for, or arising in, any year of assessment commencing on or after April 1, 2015, to any individual or charitable institution where such individual or charitable institution maintains one savings account or more than one savings account, where the interest paid for a month is less than five thousand rupees.

For the purpose of this paragraph,

“savings account” means an account, whether or not subject to any condition affecting the right to withdraw money therefrom and which bears interest at a rate not dependent on the period for which the deposit is maintained;”; and

“(p)

the interest or discount accruing or arising to any person from any investment made on or after January 1, 2015 in any

Corporate Debt Security, issued by the

Urban

Development

Authority established by the Urban Development

Authority Law, No. 41 of 1978; and

Development Bonds issued by the Central

Bank of Sri Lanka on behalf of the

Government.”.