Late EPF Challan Submission: How Do You Calculate Penalties and Interest?

Could you please guide me regarding the late payment/penalty calculation for 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

My company hasn't deposited the PF deductions since December 2010, but they are deducting ₹780 from the salary every month. What should I do? Please advise.

You have to see whether your company has obtained the PF exemption or not. If so, please check first. Otherwise, as per the stipulated rules, PF contribution deposition is mandatory. If your company is now going to deposit, I know the penalty is 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%)

Monetary Challenges and Employee Compensation

Our company is facing monetary problems. Can we, based on this situation, provide reasons for delayed payments and also stop PF deductions to increase the take-home salary of employees?

Regards

Please note, in your case, you should talk to a PF consultant or seek advice from senior individuals. As far as I know, unless the company recovers the employee contribution, how will they deposit it late again? Will they deduct arrears of PF contribution at the time of deposition? I am not entirely certain.

Thanks,
Subroto

Hi Shakuntalai, are you sure your company is not contributing on a monthly basis? Now everything is happening online. The defaulters will be found easily and shall be punished.

Please guide me on what the percentage interest is for the late deposit of the PF challan and how the damage percentage is calculated for late deposits of the PF challan.

Thank you.

Dear sir, please guide me on the percentage of interest for the late deposit of the PF challan and the calculation for damages incurred due to the late deposit of the PF challan.

Interest and Damages for Late PF Challan Deposit

Kindly provide me with the details regarding the interest and damages percentages for this challan.

Thank you.

Regards,
susantkumar

Please look into serial number 4 of the challan/penal damage. As per the attached challan, penal damages were not charged for the period.

Thanks,
Subroto

Dear,

What should I do when my uploaded ECR has expired due to non-payment (12 days challan validity has expired)? Please guide me on the appropriate steps to take.

In that case, you have to resubmit the return and make the payment for the same period.