Are 7q and 14b damages applicable for the delay payment of EPFO contribution paid for the wage Month of April and may 2020. Please guide me on this.
From India, Coimbatore
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From India, Coimbatore
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f 7q and 14b damages applicable for the delay payment of epfo contribution paid for the wage Month of aug 2022 period any body pls kindly guide me
From India, New Delhi
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From India, New Delhi
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April 2020 and May 2020 being Covid lockdown periods, the delay in payment of contributions was permitted. Therefore, the delayed payment should not attract interest under Section 7Q and damages under Section 14B of the EPF and MP Act.
Wage month August 2022 does not qualify for any special treatment, and you should pay both interest and damages if you have defaulted on payment in time.
From India, Kannur
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4483Wage month August 2022 does not qualify for any special treatment, and you should pay both interest and damages if you have defaulted on payment in time.
From India, Kannur
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EPFO circular regarding TDS on Payment of Provident Fund.pdf
EPFO Decides to Give Monthly Updates of Contributions Instead of Annual Statement.doc