Section 60: Social contribution income allowance
This section is inserted by Finance Act 2022, section 31.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
60. Social contribution income allowance
received by a person under Sub-part IIIB of Part III of
the Social Contribution and Social Benefits Act 2021.
(z) in the Third Schedule –
(i) in Part I, in item 2 –
(A) by inserting, after the word “undergraduate”,
the words “or postgraduate”;
(B) by deleting the words “225,000 rupees” and
replacing them by the words “500,000 rupees”;
(ii) in Part II –
(A) by deleting the figure “20,000” wherever it
appears and replacing it by the figure “25,000”;
(B) by deleting the figure “15,000” wherever it
appears and replacing it by the figure “20,000”;
332 Acts 2022
(aa) in the Sixth Schedule –
(i) in the third column –
(A) in item 3(a), by deleting the figure “5” and
replacing it by the figure “7.5”;
(B) in item 5, by deleting the figure “3” and replacing
it by the figure “5”;
(ii) by adding the following new items –