24. Amendment of section 115 of the principal enactment

Section 115 of the principal enactment is hereby amended in subsection (1), by the substitution for the paragraph (a) of that subsection of the following new paragraph (a) :—

“(a) any resident individual who –

receives remuneration in excess of fifty thousand rupees per month or six hundred thousand rupees per year;

is a director or non executive director to whom any payment is made or is due by or from such employer or who receives any other benefit as an employee or in any other capacity; or”.