Section 17 of The Health Security Se National Security Cess Act, 2025
- (1)Every person who is liable to pay cess in accordance with the provisions of this Act or the rules made thereunder, but fails to pay the cess or any part thereof to the Central Government within the specified period, shall, for the period for which the cess or any part thereof remains unpaid, pay on his own, interest at the rate of fifteen per cent. Per annum.
- (2)The interest under sub-section (1) shall be calculated, in such manner as may be prescribed, from the day succeeding the day on which such tax was due to be paid.
Summary
(1) Every person who is liable to pay cess in accordance with the provisions of this Act or the rules made thereunder, but fails to pay the cess or any part thereof to the Central Government within the specified period, shall, for the period for which the cess or any part thereof remains unpaid.
Practical examples
FAQ
1. What is the interest rate for late payment under Section 17 of the Health Security se National Security Cess Act, 2025?
Under Section 17 of the Health Security se National Security Cess Act, 2025, the interest rate for unpaid or delayed cess is fifteen percent per annum.
2. From which day does the interest on late cess begin to accumulate under Section 17 of the national security cess law?
Under Section 17 of the Health Security se National Security Cess Act, 2025, interest is calculated from the day succeeding the day on which the cess was due to be paid.
3. Does a taxpayer have to wait for a tax demand notice to pay interest under Section 17 of the Health Security se National Security Cess Act, 2025?
No, under Section 17 of the Health Security se National Security Cess Act, 2025, the taxpayer must calculate and pay the interest on their own for the period the cess remains unpaid.
Test yourself
Q1.Under Section 17 of the Health Security se National Security Cess Act, 2025, what is the annual interest rate charged on delayed cess payments?
Q2.Under Section 17 of the Health Security se National Security Cess Act, 2025, if the cess is due on the 7th of a month, when does interest start to accumulate?
Q3.Under Section 17 of the Health Security se National Security Cess Act, 2025, who is responsible for calculating and paying the interest on late payments?
Q4.Under Section 17 and Section 16 of the Health Security se National Security Cess Act, 2025, if a taxpayer wants to conclude show cause proceedings for non-fraudulent unpaid tax within sixty days of notice, what must they pay?