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of <h1>Tax demands (excluding advance tax) must be paid within 30 days; late payment incurs 1% monthly interest, refunds possible</h1> Any tax demand (other than advance tax) must be paid within 30 days of the demand or within a shorter period if authorised by the Assessing Officer with prior Joint Commissioner approval. Late payment attracts simple interest at one percent per month (subject to adjustments if the tax amount is later changed), and excess interest must be refunded. The tax authority may extend time or allow instalments; failure to pay within prescribed time results in deemed default and reinstates the full outstanding liability if any instalment defaults. Interest may be reduced or waived for genuine hardship or circumstances beyond the assessee's control. Appeals or restricted foreign remittance can suspend default for the disputed part.
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