If you have an income tax liability and you fail to pay it on time then income tax department will charge interest @1.50% on monthly basis,or the Income Tax Department can freeze your bank account and send you a recovery notice. Furthermore, if they find out that you are employed somewhere, they can contact your employer and deduct up to 25% of your salary as tax. The Income Tax Department can also use your PAN card number to extract all your investment information and recover the dues directly from those investments, along with interest and penalties.
