Consequences of failure to duduct or to pay tax .

1. (1) If Tax assessee , not being

liabilities which he may incur, be deemed to be an assessee in default in respect of such tax payment.

1. (2) Without prejudice to the provisions of sub-section (1), a Tax assessee referred to in that sub-section shall be liable to pay simple interest at the rate of two per centum of the amount

of tax due for each month or part thereof for the period for which the tax remains unpaid.

1. (3) If an enrolled person fails to pay the tax as required by or under this Act, he shall be liable to pay simple interest at the rate and in the manner laid down in sub-section (2).