https://www.taxtmi.com/acts?id=11307 Persons required to deduct tax and remit it are liable to pay simple interest where tax is not deducted or is deducted but not paid: interest at one per cent. per month (or part) from the date tax was deductible to deduction, and at one and one-half per cent. per month (or part) from deduction to actual payment, and such interest must be paid before filing the prescribed statement. en-us Fri, 26 Feb 2010 19:46:13 +0530 Fri, 26 Feb 2010 19:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11307 Persons required to deduct tax and remit it are liable to pay simple interest where tax is not deducted or is deducted but not paid: interest at one per cent. per month (or part) from the date tax was deductible to deduction, and at one and one-half per cent. per month (or part) from deduction to actual payment, and such interest must be paid before filing the prescribed statement. Act-Rules Bills Fri, 26 Feb 2010 19:46:13 +0530 https://www.taxtmi.com/acts?id=11307