Regards,
From India, Madras

From India, Surat
Thanks & Regards
Deepak Patil
From India, Pune
B.Saikumar
From India, Mumbai
The PF authorities will take care of collecting interest on delayed payment form the Employer.
From India, Hyderabad
In response to your query , I am to confirm that employees will get his due interest from PF Authorities inspite of the fact that employer has failed to deposit the monthly PF contribution in time, i.e, within 15th of the month.
For the delayed payment, the EPFO will issue show cause notice to the employer with regard to interest and damages at the end the financial year when PF account of all employees are finalized and Form 23 is generated. If the reply in response to the show cause notice is not satisfactory, the EPFO will charge interest for delayed payment as well as damages as per provision of the Act.
In any event the employee will not be prejudiced in the matter of interest to be receivable.Hope it is clear to you.
Sibabarata Majumdar
Management Consultant Legal & HR
Kolkata,Mb:9830023706
From India, Calcutta
Now the status is, we have already created the challans for the last 4 months and payment will made in the next week.
Please suggest what to reply as i am stuck here.
From India, Noida
Now the status is, we have already created the challans for the last 4 months and payment will made in the next week.
Please suggest what to reply as i am stuck here
From India, Delhi