Understanding PF and ESI Penalty Calculations: What Percentages and Wages Matter?

Dear Seniors,

Can anyone explain how to calculate the delayed payment (Penalty) of PF and ESI?

1. What is the percentage for PF, and which wages (Earned Basic/Contribution Amount) are considered for calculation?
2. What is the percentage for ESI, and which wages (Earned Gross/Contribution Amount) are considered for calculation?
3. Is the penalty based on the number of days?

Thank you.

Penal Interest under Section 7Q

- Number of days delayed in making payment multiplied by 12% per annum.

Penal Damages under Section 14B

- Number of days delayed in making payment multiplied by 5% per annum (for less than 2 months).
- Number of days delayed in making payment multiplied by 10% per annum (for 2 months and above but less than 4 months).
- Number of days delayed in making payment multiplied by 15% per annum (for 4 months and above but less than 6 months).
- Number of days delayed in making payment multiplied by 25% per annum (for 6 months and above).

I have attached a worksheet for the above.

What will be the interest or penalty applied for ESIC unpaid from Jan 2017?

Dear seniors,

Can you help me calculate the damages for ESI? Here are the details:

- Period of contribution: Nov-18
- Amount: 15,015
- Due date for payment: 06/01/2009
- Date of payment: 26/10/2017
- Number of days of delay: 3,215

I need to know what the damages and interest would be. Could you please assist me with this?

Thank you.