Reg: How To Calculate Delay Payment (Penalty) Of ESI & PF ?

ksrinivasumba@yahoo.com
Dear Seniors,
Can any one explain about how to calculate the delay payment (Penalty ) of PF and ESI ?
1. What is the % for PF , and which wages (Earned Basic / Contribution Amount) are
consider for calculation ?
2. What is the % for ESI , and which wages (Earned Gross / Contribution Amount) are
consider for calculation ?
3. Is the penalty based on no.of days ?
.
K.P.Mohanasundaram
Hi,
Penal Interest under section 7Q:
# 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)
I have attached worksheet for the above....
1 Attachment(s) [Login To View]

saranyawalter
2015 PF payment dose not paid , payment at 2017 only. please send me a calculation
saranyawalter
2015 PF payment dose not paid , payment at 2017 only. please send me a calculation
Pintu1986@
we are not deposit of pf of worker and not dedeuct employee contribution.
so kindly sugguest me what amount deposit pf of worker.
dineshrr
thank you, very useful and timely help.
rajesh-warlikar
What will be % interest / penalty applied for ESIC unpaid from Jan2017
shanthi-sap
dear Seniors
can u help out to to calculate the damages of ESI
EX. Period of contribution nov-18
amount 15015.
due date for payment 06/01/2009
date of payment 26/10/2017
no of days delay 3215
so what will be the damages
and interest
can you help me out plz
deovarat-sharma
This is a wonerful forum to understand the complicated issues in simple way
shalinimba
What is Account no 1, Account no 2
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute