Section 60: Social contribution income allowance
This section is inserted by Act No 15 of 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 –
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Questions this section answers
- Is the social contribution income allowance under the Social Contribution and Social Benefits Act tax-exempt?