Page 58 - CPM Sri Lanka_ANNUAL REPORT 2022
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56 Report of the
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CPM Sri Lanka | Annual Report 2021-2022
7. INTEREST INCOME
2022 2021
Rs. Rs.
Interest on fixed deposits 897,681 841,782
Interest on savings account 8,025 11,727
905,706 853,509
8. OTHER INCOME
2022 2021
Rs. Rs.
Cricket challenge - 70,000
EFM presentation 100,000 -
Colour flash 110,000 -
Sahana CSR project 177,500 -
387,500 70,000
9. INCOME TAX
2021 2020
Rs. Rs.
9.1 Current tax expense (Note 8.2) 126,799 119,491
Deferred tax (utilisation)/ origination during the year - -
Total income tax expense 126,799 119,491
The Institute is a charitable Institution as per Section 195[1] where they are not carrying out any Business and liable only
on Investment Income at 14% in accordance with the provisions of the Inland revenue Act No. 24 of 2017.
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