4. Profits from any employment include-
| (a)
| | (i) any wages, salary, allowance, leave pay, fee, pension, commission, bonus, gratuity, perquisite or such other payment in money which an employee receives in the course of his employment; | | |
| | (ii) the value of any benefits to the employee or to his spouse, child or parent including the value of any holiday warrant or passage ; | | |
| | (iii) any payment to any other person for the benefit of the employee or of his spouse, child or parent, | | |
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| (b) the value of any conveyance granted free of any charge by an employer to any employee, or any sum so granted for the purchase of any conveyance ; |
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| (c)
| | (i) any retiring gratuity or any sum received in commutation of pension; | | |
| | (ii) any sum paid from a provident fund approved by the Commissioner-General to any employee at the time of his retirement, other than such part of that sum as represents his contributions to that fund made after April 1, 1954 ; | | |
| | (iii) any sum paid from a regulated provident fund to an employee other than-
| | | (a) such part of that sum as represents his contributions to that fund ; and |
| (b) such part of that sum as represents the contributions made by the employer to that fund prior to April 1, 1968, and the interest which accrued on such contributions, if tax at the rate of fifteen per centum has been paid by such employer in respect of such contributions and interest; |
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| | (iv) any sum received as compensation for loss of any office or employment ; | | |
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| (d) the rental value of any place of residence provided rent-free by the employer or where a place of residence is provided by an employer at a rent less than the rental value, the excess of the rental value over such rent. |
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Sri Lanka Consolidated Acts