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1961Section 276BB

276BB. 29[Failure to pay tax collected at source.

In the 2025 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

If a person fails to pay to the credit of the Central Government, the tax collected by him as required under the provisions of section 206C, he shall be punishable—

(a) with simple imprisonment for a term up to two years, or with fine, or with both, where the amount of such tax exceeds fifty lakh rupees; or

(a) with simple imprisonment for a term up to six months, or with fine, or with both, where the amount of such tax exceeds ten lakh rupees but does not exceed fifty lakh rupees; or

(c) with fine, in any other case:

Provided that the provisions of this section shall not apply if the payment of the tax collected at source has been made to the credit of the Central Government at any time on or before the time prescribed for filing the statement under the proviso to sub-section (3) of section 206C in respect of such payment.]

Footnotes

  1. 29.Sub. by Act No. 4 of 2026, w.e.f. 1-3-2026. Prior to its substitution, section 276BB, as ins. by Act No. 26 of 1988, w.e.f. 1-6-1988 and later on amended by Act No. 7 of 2025, w.e.f. 1-4-2025, read as under : "276BB. Failure to pay the tax collected at source.—If a person fails to pay to the credit of the Central Government, the tax collected by him as required under the provisions of section 206C, 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 with fine: Provided that the provisions of this section shall not apply if the payment of the tax collected at source has been made to the credit of the Central Government at any time on or before the time prescribed for filing the statement under the proviso to sub-section (3) of section 206C in respect of such payment."↩

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·