H. -Interest
Interest payable to the Central Government
209. (1) An assessee shall be liable to pay simple interest at the rate of one per cent. per month, or part of a month, on any shortfall in the amount payable by him under this Code for the period from the day immediately following the date on which such amount was payable to the date of actual payment.
(2) The liability to pay interest under sub-section (1) shall be computed at periodical intervals.
