29. Amendment of section 115 of the principal enactment

Section 115 of the principal enactment as last amended by Act, No. 8 of 2012 is hereby further amended in paragraph (a) of subsection (1) of that section by the substitution for sub-paragraph (i), of the following new sub-paragraph:-

“(i)

receives remuneration:

(A)

for any year ending prior to April 1, 2015, in excess of fifty thousand rupees per month or six hundred thousand rupees per year: or

(B)

for any year commencing from April 1,

2015, in excess of sixty two thousand and five hundred rupees per month or seven hundred and fifty thousand rupees per year;”.