https://www.taxtmi.com/acts?id=11871 Persons required to deduct or collect tax who fail to deduct, collect or pay the tax become liable for simple interest. Interest is computed in two periods: from the date tax was deductible or collectable to the date it is deducted or collected, and from the date it was deducted or collected to the date it is paid, with a lower monthly rate for the first period and a higher monthly rate for the second period. en-us Fri, 17 Sep 2010 11:39:07 +0530 Fri, 17 Sep 2010 11:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11871 Persons required to deduct or collect tax who fail to deduct, collect or pay the tax become liable for simple interest. Interest is computed in two periods: from the date tax was deductible or collectable to the date it is deducted or collected, and from the date it was deducted or collected to the date it is paid, with a lower monthly rate for the first period and a higher monthly rate for the second period. Act-Rules Bills Fri, 17 Sep 2010 11:39:07 +0530 https://www.taxtmi.com/acts?id=11871