Yatin Pundhir
Industrial Relation
+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
EFP Interest and Damages Calculation
Interest 12 %
less than 2 months 5
2-4 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
Apr-18 15-05-2018 11-06-2018 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/365*12%
Damages Calcu =14B
=Remit Amount*Delay days/365* Damages % (5,10,15 or 25 %)

From India, Chennai
Dear Friends please find the attachment of calculation of EPF interest and Damages with examples.
From India, Delhi
Dear Kazim, i am unable to download the attachment, so i request to you kindly attach again or send me my email [email protected]
From India, New Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™