Re: Epf Challan Late Submission. - Pdf Download

Dear All,
Could please guide me regarding the late payment / penalty calculation towards EPF challan late submission.
Thanks
Subroto

Could you please send me the details as I know the percentage as follows :
􀀦 Delay in deposit of P.F. dues attracts penal damages.
􀀦 Damages are levied at the following FLAT RATES:
􀃌 For 0 — 2 months delay - @ 5 % p.a.
􀃌 For 2 — 4 months delay - @10 % p.a.
􀃌 For 4 — 6 months delay - @ 15 % p.a.
􀃌 For delay above 6 months - @ 25 % p.a. (subject
to a maximum of 100%)
Thanks Subroto

Dear All,
My co. doesn't deposit the PF deduction from Dec 2010, but monthly they are deducting from the salary ( 780/-). What to do? Pls advise.

You have to see either your company get the pf exemption or not if so then please check first.
Other wise as per stipulated rules pf contribution deposition is mandatory.
If your company now going to deposit as I know the penalty as follows :
􀀦 Delay in deposit of P.F. dues attracts penal damages.
􀀦 Damages are levied at the following FLAT RATES:
􀃌 For 0 — 2 months delay - @ 5 % p.a.
􀃌 For 2 — 4 months delay - @10 % p.a.
􀃌 For 4 — 6 months delay - @ 15 % p.a.
􀃌 For delay above 6 months - @ 25 % p.a. (subject
to a maximum of 100%)

Our co is going to monetory problems can we as a base of this attachment give reason for delay payment?? & also stop pf deduction for raising take home salary of employees??

Pls note in your case you should talk to with PF consultant or may pls take advice of sr people.
As I know until unless co will not recover the employee contribution how they will deposit of late again??
Or at the time of deposition they may deduct arrear pf contribution?
But I am not so sure.
Thanks Subroto

Sir,
My co. is not under pf exeption. They hav not filed the return also. Many employees resigned. If any employee asks the pf the co., pays like ( 780+780) for the serivice period to them directly. I'm in service I can't claim.
Is it the right way?

Hi Shakuntalai
Are you sure as your company is not contribution on monthly basis.
Now everything is happening online. The defaulters will be found easily and shall be punished.

Sir,
They gave bribe during PF inspection no action was taken. Only employees are suffering. The PF person advised to deposit the emplyee portion atleast. Nothing happening.

dear sir
please guide me what is the percentage interest in late deposit of pf challan
and what is the damage percentage calculation in late deposit of pf challan