General
(1) General
(i)Except as otherwise provided in section 685 of the Tax Law, in the case of any underpayment of estimated tax by an individual, there shall be imposed an addition to the tax for the taxable year.#
(i) Except as otherwise provided in section 685 of the Tax Law, in the case of any underpayment of estimated tax by an individual, there shall be imposed an addition to the tax for the taxable year.
(ii)Such addition to the tax is determined by applying to the amount of the underpayment for the period of underpayment:#
(ii) Such addition to the tax is determined by applying to the amount of the underpayment for the period of underpayment:
(a) the applicable rate established under section 697(j) of article 22 of the Tax Law (see Part 2393 of this Title); or
(b) if no rate is set, the rate specified in section 685(c)(1) of the Tax Law.
(ii)(a)the applicable rate established under section 697(j) of article 22 of the Tax Law (see Part 2393 of this Title); or#
(a) the applicable rate established under section 697(j) of article 22 of the Tax Law (see Part 2393 of this Title); or
(ii)(b)if no rate is set, the rate specified in section 685(c)(1) of the Tax Law.#
(b) if no rate is set, the rate specified in section 685(c)(1) of the Tax Law.