Sir/Madam,
Apr-22 to Aug-22 increment balance amt paid on Sep _22,
I just wanted ESI &EPF _Late deduction & Penalty are applicable ?
if yes what % on EPF & ESI ?
Menu
EPF & ESI _ Late deduction and late payment
Replies (1)
Late payments of EPF and ESI attract a mandatory 12% p.a. interest for each day of delay. Additionally, authorities may impose penal damages ranging from 5% to 25% p.a. depending on how long the payment is overdue. Failure to deposit the employee's deducted portion can also lead to criminal liability and the loss of tax deductions for the business.
Recent Topics :
- Gross total income
- Export Compliance
- Sale of plots in open land
- Income tax query
- Best CA Inter coaching in laxmi nagar
- HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
- Unregistered Association of Persons (AOP) Agreemen
- Intimation u/s 245 of income tax act
- Ewaybill query
- IDS Refund: GSTR-2B Invoice Not Validated in State
Related Topics :
CAclubindia
