21.
| (1) Where for any year of assessment a family consists of a husband and wife and no child or dependent relative, an allowance of three thousand five hundred rupees in respect of such husband and wife shall be deducted from the assessable income of the head of such family for that year in arriving at his taxable income for that year. |
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| (2) Where for any year of assessment a family consists of a husband and wife and one or more children or dependent relatives or one or more children and dependent relatives, an allowance of three thousand five hundred rupees in respect of the husband and wife, and-
| | (a) if there is one child or dependent relative, an allowance of two hundred and fifty rupees in respect of such child or dependent relative, | | |
| | (b) if there are one child and one dependent relative, an allowance of two hundred and fifty rupees in respect of each of them, | | |
| | (c) if there are children or dependent relatives, an allowance of two hundred and fifty rupees in respect of each of not more than four of them, and | | |
| | (d) if there are children and dependent relatives, an allowance of two hundred and fifty rupees in respect of each of not more than four out of the total number of such children and dependent relatives, | | |
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| (3) Where for any year of assessment a family consists of an individual and one child or dependent relative, an allowance of three thousand rupees in respect of such individual and an allowance of two hundred and fifty rupees in respect of such child or dependent relative shall be deducted from the assessable income of the head of such family for that year in arriving at his taxable income for that year. |
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| (4) Where for any year of assessment a family consists of an individual and children or dependent relatives or children and dependent relatives, an allowance of three thousand rupees in respect of such individual and-
| | (a) if there are children or dependent relatives, an allowance of two hundred and fifty rupees in respect of each of not more than five of them, and | | |
| | (b) if there are children and dependent relatives, an allowance of two hundred and fifty rupees in respect of each of not more than five out of the total number of such children and dependent relatives, | | |
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| (4A) Subsection (4) shall, in its application in respect of each year of assessment commencing on or after April 1, 1965, have effect as though for the words "not more than five", wherever those words occur collectively in that subsection, there were substituted the words "not more than four". |
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| (5) Where for any year of assessment an individual is not included in a family, there shall be deducted from his assessable income for that year in arriving at his taxable income for that year an allowance of three thousand rupees. |
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| (6) Where the assessable income of any individual for any year of assessment commencing on or after April 1, 1964, consists of any earned income, such individual shall be entitled to an allowance of five hundred rupees or an amount equal to such earned income, whichever is less, and if such individual is included in a family such allowance shall, subject to the provisions of subsection (7), be deducted from the assessable income of the head of that family. |
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| (7) Where for any year of assessment commencing on or after April 1, 1965, any part of the assessable income of a member of a family who is a child has not been aggregated with the assessable income of the head of the family under paragraph (b) of subsection (1) of section 20, no deduction under subsection (2) or subsection (3) or subsection (4) or subsection (6) shall, in respect of that child, be made from the assessable income of the head of such family for that year in arriving at his taxable income for that year. |
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Sri Lanka Consolidated Acts