The proposed amendment seeks to reduce the rate of additional tax from 18% to 12% chargeable on non-payment of tax or penalty or non-deposit of tax by person holding money on behalf of a taxpayer or by a liquidator on being notified by the Commissioner. Moreover, a new sub section 1B has been introduced whereby the additional tax will be charged @ 12% incase the taxpayer fails to pay tax as per his estimate filed with the Commissioner or the advance tax so paid is less than 80% of the tax chargeable.