Time and Mode of
payment to Government of Tax Collected at Source :
All sums collected in
accordance with the provisions Section
206C shall be paid to the credit of the Central Government within
one week from the last day of the month in which the collection
is made.
The person
responsible for making collection under Section
206C shall pay the amount of tax so collected to the credit of the
Central Government by remitting it within the time prescribed above
into any branch of the Reserve Bank of India or of the State Bank of
India or of any authorized bank accompanied by an Income-tax challan.
However where the collection
is made by or on behalf of the Government, the amount shall be
credited within the time and in the manner aforesaid without the
production of a challan.
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