Failure to pay tax to credit of Central Government under Chapter XIX-B
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 476(1) of Income Tax Act 2025
476(1) If a person fails to—
- 476(1)(a) pay to the credit of the Central Government, the tax deducted at source by him as required by or under the provisions of Chapter XIX-B; or
- 476(1)(b) pay tax or ensure payment of tax to the credit of the Central Government, as required under—
- (i) Note 3 in Table in section 393(3); or
- (ii) Note 6 to section 393(1) (Table: Sl. No. 8),
he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years, and shall also be liable to fine.
Section 476(2) of Income Tax Act 2025
476(2) The provisions of this section shall not apply if the payment referred to in sub-section (1)(a) has been credited to the Central Government on or before the time prescribed for filing the statement for such payment under section 397(3)(b).
