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 :
- Consultation
- E-way notices2222
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
Related Topics :
CAclubindia
