5. Every employer who employs any employee from whose remuneration income tax for the relevant year is deductible, in accordance with the provisions of Chapter XV of the Inland Revenue Act, (not being an employee who is deemed by subsection (7) of section 67 of that Act to be a non-resident) shall also deduct, as the surcharge on income tax payable under this Act, in six monthly installments commencing from the month of June, 1982, the following amounts from the remuneration payable to such employee
| (a) where the income tax deductible from the remuneration of such employee for the relevant year, not being income tax payable on any profits from employment referred to in paragraph (c) of section 4 of the Inland Revenue Act, exceeds four thousand and twenty rupees but does not exceed fourteen thousand and two hundred rupees, an amount equal to five per centum of such income tax; |
|
| (b) where the income tax deductible from the remuneration of such employee for the relevant year, not being income tax payable on any profits from employment referred to in, paragraph (c) of section 4 of the Inland Revenue Act, exceeds fourteen thousand and two hundred rupees but does not exceed ninety-six thousand five hundred and sixty rupees, an amount equal to ten per centum of such income tax ; |
|
| (c) where the income tax deductible from the remuneration of such employee for the relevant year, not being income tax payable on any profits from employment referred to in paragraph (c) of section 4 of the Inland Revenue Act, exceeds ninety-six thousand five hundred and sixty rupees, an amount equal to fifteen per centum of such income tax. |
|
|
Sri Lanka Consolidated Acts