14. Section 21 of the principal enactment, as last amended by Law No. 18 of 1975, is hereby further amended as follows: -
| (1) by the repeal of subsection (6) of that section, and the substitution therefor of the following new subsection: -
| | ' (6) Where the assessable income of any individual for any year of assessment commencing on or after April 1, 1964, but not after April 1, 1974, 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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| (2) in subsection (6A) of that section, by the substitution in paragraph (b) of that subsection for the expression " each year of assessment commencing on or after April 1, 1974 ", of the expression " the year of assessment commencing on April 1, 1974 "; |
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| (3) by the insertion, immediately after subsection (6A), of the following new subsection: -
| | ' (6B) Where the profits and income of any, individual for any year of assessment commencing on or after April 1, 1975, consists of any earned income, such individual shall be entitled to deduct from his assessable income -
| | | (a) if his earned income for that year of assessment is less than six thousand rupees, an allowance of an amount equal to-
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| (b) if his earned income for that year of assessment is not less than six thousand rupees, an allowance of an amount equal to -
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| (4) by the repeal of subsection (7) of that section and the substitution therefor of the following new subsection: -
| | " (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 (2A) or subsection (3) or subsection (3A) or subsection (4) or subsection (4B) or subsection (6) or subsection (6A) or subsection (6B) or subsection (8) shall, in respect of that child, be made from the assessable income of the head of such family for that year of assessment." ; and | | |
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| (5) by the insertion, immediately after subsection (7) of that section, of the following new subsection: -
| | " (8) Where the profits and income of any individual for any year of assessment commencing on or after April 1, 1976, include profits from any employment carried on or exercised by him, such individual shall be entitled to deduct from his assessable income -
| | | (i) an allowance of an amount equal to nine thousand rupees, or |
| (ii) an allowance equal to the amount of his profits from employment, |
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Sri Lanka Consolidated Acts