Section 276B of the Income Tax Act

Section 276B of the Income Tax Act: Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B

If a person fails to pay to the credit of the Central Government,—

(a)  the tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or

(b)  the tax payable by him, as required by or under—

(i)  sub-section (2) of section 115-O; or

(ii)  the proviso to section 194B,

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.