Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART XII 1[DEFAULT SURCHARGE

From: 2023-07-01 - To: 0000-00-00 205. 2[Default Surcharge].- (1) A person who fails to pay - 3[(a) any tax, excluding the advance tax under section 147 and 4[default surcharge] under this section;] (b) any penalty; or (c) any amount referred to in section 140 or 141, on or before the due date for payment shall be liable for 5[default surcharge] at a rate equal to 6[ 7[ 8[12] percent per annum] ] on the tax, penalty or other amount unpaid computed for the period commencing on the date on which the tax, penalty or other amount was due and ending on the date on which it was paid 9[:] 10[Provided that if the person opts to pay the tax due on the basis of an order under section 129 on or before the due date given in the notice under sub-section (2) of section 137 issued in consequence of the said order, and does not file an appeal under section 131, he shall not be liable to pay default surcharge for the period beginning from the due date of payment in consequence of an order appealed against to the date of payment in consequence of notice under sub-section (2) of section 137.] 11[(1A) a person who fails to pay advance tax under section 147 shall be liable for 12[default surcharge] at a rate equal to 13[ 14[ 15[12] percent per annum]] on the amount of tax unpaid computed for the period commencing on the date on which it was due and ending on the date on which it was paid or date on which the return of income for the relevant tax year was due, whichever is earlier.] 16[(1B) Where, in respect of any tax year, any taxpayer fails to pay tax under sub-section 17[(4A), or] (6) of section 147 or the tax so paid is less than 18[ninety] per cent of the tax chargeable for the relevant tax year, he shall be liable to pay 19[default surcharge] at the rate of 20[ 21[ 22[12] percent per annum]] on the amount of tax so chargeable or the amount by which the tax paid by him falls short of the 23[ninety] per cent, as the case may be; and such 24[default surcharge ]shall be calculated from the first day of April in that year to the date on which assessment is made or the thirtieth day of June of the financial year next following, whichever is the earlier 25[: Provided that in the…