30. the following new Chapter is hereby inserted immediately after Chapter XIV of the principal enactment and shall have effect Chapter XIVA of that Enactment:-
| 121A.
| | (1) Notwithstanding anything contained in section 2 and in Chapter XIII and XIV of this Act, the income tax attributable to one half of official emoluments of any employee of a Government Institution, for any year of assessment commencing on or after April 1, 2005, shall be paid by such Institution, if Such part of the official emoluments of such employee for that year of assessment, exceeds an amount equal to the allowance referred to in paragraph (a) of subsection (1) of section 30 : | | |
| | (2) Notwithstanding anything contained in section 4 of this Act, the income tax in inspect of one half of the official emoluments of any employee of a Government institution shall be deemed not to form part of the profits from employment of such employee. | | |
| | (3) For the purposes of subsection(1) "the income tax attributable to one half of the official emoluments of any employee of a Government Institution" means the income tax computed, at the rates specified in Part 1D of the First Schedule to this Act, on the one half of emoluments of such employee, after deducting therefrom a sum equal to the allowance referred to in paragraph (a) of subsection (1) of section 30. | | |
| | (4) For the purposes of this Chapter - | | |
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Sri Lanka Consolidated Acts