26 April 2012
Vide section 71 (C) of the Finance Act, 2011 the following amendment has been made:-
Delay up to 15 days from due date : Rs.500/- Delay beyond 15 days but but not beyond 30 days from due date : Rs.1,000/- Delay beyond 30days from due date : Rs1,000/- + Rs 100 each day from the 31st day (Subject to the maximum of Rs.20,000/-)