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 ?
.
From India, Hyderabad
6Can 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 ?
.
From India, Hyderabad
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....
From India, Erode
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....
From India, Erode
2015 PF payment dose not paid , payment at 2017 only. please send me a calculation
From India, Tirunelveli
From India, Tirunelveli
2015 PF payment dose not paid , payment at 2017 only. please send me a calculation
From India, Tirunelveli
From India, Tirunelveli
we are not deposit of pf of worker and not dedeuct employee contribution. so kindly sugguest me what amount deposit pf of worker.
From India, Bhubaneswar
From India, Bhubaneswar
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
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
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Calculate Your Age.xls
Labour Welfare Cess Reg Application-FOR MET.docx