Compulsory Savings Act (No. 6 of 1971)

Sri Lanka Consolidated Acts

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Compulsory Savings Act (No. 6 of 1971) - Sect 4

Certain incomes to be excluded from the contribution payable under the Act

(1) The contribution under this Act shall not be payable to the Fund in respect of-

(a) the income of-

(i) the Diplomatic Representative in Ceylon (by whatever name or title designated) of the Government of any foreign country and the High Commissioner in Ceylon of the Government of any part of Her Majesty's Dominions,

(ii) any such member of the staff of any Diplomatic Representative or High Commissioner referred to in sub-paragraph (i) as is a citizen or subject of the country represented by that Diplomatic Representative or High Commissioner, any such Consul or Trade Commissioner as is a citizen or subject of the country represented by him, and any such member of the staff of any Consul or Trade Commissioner as is a citizen or subject of the country represented by that Consul or Trade Commissioner,

(iii) any expert, adviser, technician or official whose salary or principal emolument is not payable by the Government of Ceylon and who is brought to Ceylon by the Government of Ceylon through any Specialized Agency of the United Nations Organization or under the Point Four Assistance Programme of the Government of the United States of America or through the Colombo Plan Organization,

(iv) any trainee from abroad who is sent to Ceylon under any Technical Cooperation Programme of the United. Nations Organization and its Specialized Agencies or of the Colombo Plan Organization,

(v) any official of the United Nations Organization who is resident in Ceylon, and who is not a citizen of Ceylon, and

(vi) any member of any naval, military or air forces of any country other than Ceylon who are in Ceylon at the request or with the concurrence of the Government of Ceylon;

	(b) the income for the relevant period of any individual if such income does not exceed six thousand rupees;

(i) if such individual contributes during the relevant period to the Employees' Provident Fund or to a regulated provident fund or any provident fund approved by the Commissioner for the purposes of the principal Act an amount equal to six per centum of his total earnings within the meaning of the Employees' Provident Fund Act, No. 15 of 1958, and

(ii) if such income does not exceed twelve thousand rupees;

	(d) income received for the relevant period from sources other than employment by an employee, where such income does not exceed one thousand two hundred rupees;

	(e) the income of any Corporation which was or is established with capital wholly provided by the Government;

	(f) the income of any class or description of persons which is exempted from the provisions of this Act by Order made by the Minister and published in the Gazette.

(2) An Order of exemption under paragraph (f) of sub-section (1) may be given retrospective effect as from any day specified in the Order, notwithstanding that such day is a day prior to the date of publication of such Order in the Gazette.

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