penalty of service tax?

Rental income upto Rs.8,00,000/- is exempt from service tax. I want to make it clear that when rental income exceeds Rs.8,00,000/-, service tax will be charged on the income above Rs.8,00,000/- only or on the income upto Rs.8,00,000/- also. The service tax on the value of taxable services received during any calendar month shall be paid to the credit of the Central Govt. by the 25th of the month immediately following the said calendar month. However, in cases where the assessee is an individual or proprietary firm or partnership firm, the service tax on the value of taxable services received during any quarter shall be paid to the credit of the Central Government by the 25th of the month immediately following the said quarter. Any person, liable to pay service tax in accordance with the provisions of section 68 or the rules made under this Chapter, who fails to pay such tax, shall pay, in addition to such tax and the interest on that tax amount in accordance with the provisions of section 75, a penalty which shall not be less than two hundred rupees for every day during which such failure continues or at the rate of two per cent. of such tax, per month, whichever is higher, starting with the first day after the due date till the date of actual payment of the outstanding amount of service tax: Provided that the total amount of the penalty payable in terms of this section shall not exceed the service tax payable.