November 10, 2017
Cabinet Decisions taken on 10 NOVEMBER 2017
CABINET DECISIONS – 10 NOVEMBER 2017
1. Cabinet has taken note of the representations made for the review of the eligibility criteria and conditions for the payment of the Negative Income Tax, and agreed to the following new criteria -
(a) An employee earning a monthly basic salary of up to Rs9,900 will be eligible to the payment of the Negative Income Tax, provided his total monthly earnings, excluding travelling and end-of-year bonus, do not exceed Rs20,000.
(b) The net income, excluding dividend and interest, of an employee’s spouse should not exceed Rs390,000 in the current year.
(c) An employee should work for a minimum of 24 hours over at least 3 days in a week.
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