Dear All, Could please guide me regarding the late payment / penalty calculation towards EPF challan late submission. Thanks Subroto
From India, Mumbai
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18From India, Mumbai
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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
From India, Mumbai
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• 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
From India, Mumbai
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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.
From India, Madras
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From India, Madras
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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%)
From India, Mumbai
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- 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%)
From India, Mumbai
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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??
From India, Bhuj
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From India, Bhuj
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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
From India, Mumbai
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Thanks,
Subroto
From India, Mumbai
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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.
From India, Bangalore
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From India, Bangalore
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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
From India, Ranchi
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From India, Ranchi
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guide me the percentage of interest and damages of this challan
From India, Ranchi
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From India, Ranchi
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Dear Mr. Susantkumar, Pls look in to the sl no 4 of the challan / penal damage. As per the attached challan penal damaged not charged for the period. Thanks Subroto
From India, Mumbai
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From India, Mumbai
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Dear what to do when your uploaded ECR got expired because of NON Payment ( 12 Days challan validity got expired ) Please show me the way.
From India, undefined
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From India, undefined
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EPF Challan - Format.xls
EPF Challan.pdf