7.
| (1) The contribution payable under this Act by a person in respect of income derived from employment shall be paid in twelve successive monthly instalments, the first of such instalments being in respect of such income for the month of January, 1971. |
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| (2) The employer of an employee shall deduct from the emoluments of the employee and pay to the Fund through the Commissioner the instalment of the contribution of such employee for each month not later than seven days after the last day of the month in respect of which the deduction was made, and an instalment of the contribution paid under this subsection to the Fund by such employer on behalf of such employee shall be deemed to have been paid to the Fund by such employee. |
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| (3) An employer who pays an instalment of the contribution of an employee shall furnish to the Commissioner at the time he pays such instalment a statement in the prescribed form setting out the income of that employee from employment and the amount paid as the instalment of the contribution of that employee. |
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Sri Lanka Consolidated Acts