Rounding off etc

The amount of tax, interest, penalty, composition money, or any other sum payable and the amount of draw-back, set-off, refund or reimbursement due under the provisions of this Act, shall be rounded off to the nearest rupee and, for this purpose, where such amount contains a part of a rupee consisting of paise, then, if such part is fifty paise or more, it shall be increased to one rupee, and if such part is less than fifty paise, it shall be ignored: