23.*
| (1) In respect of individuals to whom this Chapter applies income tax for the year of assessment ending on March 31. 1964, shall be computed in accordance with the provisions of Part I of the Second Schedule to this Act. [* The amendment made in section 23 by section 4 (1) (a) (ii) of Act No. 12 of 1964 shall be deemed to have come into force on March 30, 1963, and accordingly any individual who has paid income tax under the provisions of the proviso to section 23 (1) before August 28, 1964, shall be entitled to a refund of the amount of such tax.-See section 4 (2) of Act No, 12 of 1964.] |
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| (2) For the purpose of the computation of the income tax payable for the year of assessment ending on March 31, 1964, on the taxable income of the head of a family there shall be substituted for each sum specified in items 1 to 9 of Part I of the Second Schedule to this Act the product of the multiplication of that sum by the aggregate of such units and fractions of units contained in that family in accordance with the provisions of section 22 as represent the members of that family who are entitled to allowances under section 21. |
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| (3) For the purpose of the computation of the income tax payable for the year of assessment ending on March 31, 1964, on the taxable income of an Individual who is not included in a family in respect of any year of assessment, there shall be substituted for each sum specified in items 1 to 9 of Part I of the Second Schedule to this Act, the product of the multiplication of that sum by one and a half. |
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Sri Lanka Consolidated Acts