Alankrita Das
Operations Executive

I want to know the rate of Penal Damage to be paid by an Employer for late payment of PF.
12th August 2017 From India, undefined
Damages rate for 14B it is changeable according to days
1 LESS THAN 2 MONTHS 0-60 …@ 5 % PER ANNUM
2 LESS AND ABOVE BUT LESS THAN UPTO 4 MONTHS 61-120 …@ 10 % PER ANNUM
3 LESS AND ABOVE BUT LESS THAN UPTO 6 MONTHS 121-180 …@ 15 % PER ANNUM
4 6 MONTHS AND ABOVE 181-365 …@ 25 % PER ANNUM
The interest rate for 7Q is 12% and it is unchangeable.

1 INTEREST …@ 12 % PER ANNUM
12th August 2017 From India, Gurgaon
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™