EPF&ESI Interest



can interest is charged if I delay the payment of EPF & ESI for single day i.e.on 16 of the next month????
 
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student

# No.of days delayed in making payment x 12% p.a
Penal Damages under section 14B:
# No.of days delayed in making payment x 5% p.a (Less than 2 months)
# No.of days delayed in making payment x 10% p.a (2 months and above but less than 4 months)
# No.of days delayed in making payment x 15% p.a (4 months and above but less than 6 months)
# No.of days delayed in making payment x 25% p.a (6 months and above)
 
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Requesting that this forum is for Income tax related queries only
 
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