29 May 2012
Interest on late payment of tax. (Sec. 9)
The interest for late payment of tax or any additional demand of tax raised in assessment is 1.25% p.m. with effect from 1-7-2004 (2% p.m. up to 30-6-2004.)
Penalty for "Non-payment or late payment of tax." by Enrollee/Employer (Sec. 10)
The authority may impose a penalty equal to 10% of the tax due.