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Calculation of interest and damages on epf & esi dues
Dear all need some info.one of our client has epf and esi dues for 8 months.they want to clear it.my questions are... 1.what is the penal interest & damages they need to pay in case of pf 2.what is the interest rate & damages for esi. waiting for response from the professionals. thanks rao
Pf interest & damages calculation and sample authority notification
Hi we are herewith attached the pf damages under section 14b & interest under section 7q calculation and sample authority notification. kindly go through the same and revert back if any clarification required. rate for pf damages & interest for late of 14b rate less than 2 5 less and but less than upto 4 10 less and but less than upto 6 15 6 and 25 7q 12
Pf damages and interest
Dear sir / madam i want to pay pf damages and interest for the period from 12/2008 to 04/2010 i have partly generated the online misc challan for the same but got stuck with the due wage month so kindly help me at the earliest...
About 14b and 7q - efp interest and damages calculation
Efp interest and damages calculation interest 12 damages less than 2 months 5 24 months 10 4 6 months 15 above 6 months 25 if paid april 18 month epf paid on 11/6/18 wages due date paid date delay days account no remitttance paid damages 14b interest 7q total int month apr18 15052018 11062018 27 ac no:1 3565 13.18562 31.64548 45 ac no:2 500 1.849315 4.438356 6 ac no:10 1895 7.008904 16.82137 24 ac no:21 114 0.421 1.0119 1 ac no:22 0 0 0 0 total damages and interest 76 interest calcu 7q remit amount delay date/36512 damages calcu 14b remit amountdelay days/365 damages 51015 or 25
Pf interest calculation for exempted establishment.
Respected all i have been working in hr department for last 8 years. we are managing our own pf trust according to guide line of rpfc government of india means we are exempted unit. recently our management has hand over the charge of pf trust to me. enforcement officer of pf had suggested to chagne our pf interest calculation formula because our pf interest calculation formula is not correct. you are requested to please provide me pf interest calculation formula format in excel for exempted establishment. regards saurabh email saurabhgdavehotmail.com
Pf interest and penal damages
There have been a couple of instances where the employer has remitted the pf contribution on 18th and 20th of the month in the past period. the date of realisation stamp on the challans by sbi is after 21st of the month. the pf dept has raised a demand for interest and damages for 6 days in both the cases. please clarify whether this is right should not the date of remittance be taken to account rather than the date of realisation?