Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsCredit for tax paid
| 129. Where the assessable income of an employee for any year of assessment includes any remuneration in respect of which income tax has been deducted in accordance with the provisions of this Chapter, such employee shall be entitled on production of a certificate of deduction of tax relating to such remuneration issued in accordance with the provisions of paragraph (b) or paragraph (c) of section 120 to a set-off against the tax payable by him for that year of assessment, of the amount of tax shown in such certificate to have been deducted:Provided however, for any year of assessment such employee shall be entitled to set-off the tax deducted under this Chapter on the basis of a tax deduction certificate, if the income from which such income tax has been deducted forms part of his total statutory income for that year of assessment. |