Section 111ZA: Penalty, interest and offence relating to levy
This section is inserted by COVID-19 (Miscellaneous Provisions) Act 2020, section 24.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
111ZA. Penalty, interest and offence relating to levy
(1) Where an employer fails to pay the levy on or before the last day on
which it is payable under section 111Z, he shall be liable to pay to the Director-General,
in addition to the levy –
(a) a penalty of 10 per cent of the amount of levy remaining unpaid;
and
(b) interest at the rate of one per cent per month or part of the month
during which the levy tax remains unpaid.
(2) Any employer who, in relation to section 111Z, makes a false declaration
or gives a statement which is false or misleading in any material particular shall commit
an offence and shall, on conviction, be liable to a fine not exceeding one million rupees
and to imprisonment for a term not exceeding 2 years.