Economy IT department names 24 defaulters owing Rs 490 crore in taxes Updated : March 30, 2018 05:20 AM IST The notice advised the named defaulters to pay their tax arrears immediately. It added that the amount of default "shall further increase" after due interest is levied on it. The department has carried out this exercise over the last few years and had named 96 such entities. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.