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 DEPOSIT OF CONTRIBUTION
LESS THAN 2 MONTHS 5%
LESS AND ABOVE BUT LESS THAN UPTO 4 MONTHS 10%
LESS AND ABOVE BUT LESS THAN UPTO 6 MONTHS 15%
6 MONTHS AND ABOVE 25%
INTEREST(7Q) 12% 28th November 2017 From India, Bengaluru
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