33.
| (1) The succeeding provisions of this section shall apply to every employee whose aggregate emoluments for a month exceed three hundred rupees. |
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| (2) Subject to the provisions of section 34, there shall be levied and paid each month during the period commencing on October 1, 1961, and ending on March 31, 1963, a tax (hereinafter referred to as the " National Development Tax ") computed at the rate of four per centum in respect of the emoluments pay able for that month (other than any sum payable by way of bonus or commission) to an employee (here in after referred to as an " employee subject to the National Development Tax ") by his employer or the person responsible for making the payment of such emoluments, and the proceeds of such tax shall be utilized only for specific development projects. |
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| (3) Where any sum is paid to any employee in any month of the aforesaid period by way of bonus or commission, such sum shall, for the purpose of the levy of the National Development Tax, be deemed to have been emoluments payable to such employee for that month, and accordingly the National Development Tax computed at the rate of four per centum shall be levied and paid in respect of such sum. |
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| (4) Where any emoluments (other than any sum by way of bonus or commission) which should have been payable to any employee for any month or months of the aforesaid period are paid in a lump sum, the employer of such employee or the person responsible for making the payment of such emoluments shall, having regard to the emoluments so paid to such employee, determine the amount which such employee would have received for that month or for each of those months if such emoluments were in fact paid to such employee for that month or each of those months, and the National Development Tax in accordance with the provisions of subsection (2) shall be levied and paid in respect of the amount as so deter mined for that month or for each of those months. |
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Sri Lanka Consolidated Acts