22. Section 52A of the principal enactment is hereby amended as follows :-
| (1) by the substitution in subsection (7) of that section, and the substitution therefor of the following subsection:-
| | " (6) For the purpose of this section " special employment tax credit " means the sum which bears to the income tax payable by that individual for that year of assessment, the same proportion as the proportion which the employment income exempt under paragraph (a) or (b) of subsection (1) of section 9, (other than a benefit referred to in paragraph (c) of subsection (1) of section 4, of this Act), bears to the total statutory income of that individual for that year of assessment.'": and | | |
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| (2) by the substitution in subsection (7) of that section for the words "calculated in accordance with subsection (6)'", of the words "as defined in subsection (6)". |
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Sri Lanka Consolidated Acts