I want to know the rate of Penal Damage to be paid by an Employer for late payment of PF.
From India, undefined
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Damages rate for 14B it is changeable according to days
1 LESS THAN 2 MONTHS 0-60 …@ 5 % PER ANNUM
2 LESS AND ABOVE BUT LESS THAN UPTO 4 MONTHS 61-120 …@ 10 % PER ANNUM
3 LESS AND ABOVE BUT LESS THAN UPTO 6 MONTHS 121-180 …@ 15 % PER ANNUM
4 6 MONTHS AND ABOVE 181-365 …@ 25 % PER ANNUM
The interest rate for 7Q is 12% and it is unchangeable.
1 INTEREST …@ 12 % PER ANNUM
From India, Gurgaon
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21 LESS THAN 2 MONTHS 0-60 …@ 5 % PER ANNUM
2 LESS AND ABOVE BUT LESS THAN UPTO 4 MONTHS 61-120 …@ 10 % PER ANNUM
3 LESS AND ABOVE BUT LESS THAN UPTO 6 MONTHS 121-180 …@ 15 % PER ANNUM
4 6 MONTHS AND ABOVE 181-365 …@ 25 % PER ANNUM
The interest rate for 7Q is 12% and it is unchangeable.
1 INTEREST …@ 12 % PER ANNUM
From India, Gurgaon
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Online payment of PF mandatory from 1.1.2016.pdf