Dear Adviser,
1. if someone did not pay PF ESIC to the employee as per the govt act what punishment he would get?
2. if someone has not deposited pf-esic for 1 yrs and wants to deposit pf esic to the employee so can he deposit both pf and esic?
3. I m not sure just I heard that pf accumulated in back date by giving a fine but about ESIC I m not sure.
so please guide me on what is the rule regulation and govt act for pf esic.
From India, Bhubaneswar
1. if someone did not pay PF ESIC to the employee as per the govt act what punishment he would get?
2. if someone has not deposited pf-esic for 1 yrs and wants to deposit pf esic to the employee so can he deposit both pf and esic?
3. I m not sure just I heard that pf accumulated in back date by giving a fine but about ESIC I m not sure.
so please guide me on what is the rule regulation and govt act for pf esic.
From India, Bhubaneswar
Hi
Employer need to pay along with interest for both PF and ESI.
ESI interest
An employer who does not pay the contribution within the time limit shall be liable to pay simple interest at the rate of 12% per annum for each day of the default or delay in payment of the contribution.
From India, Madras
941Employer need to pay along with interest for both PF and ESI.
ESI interest
An employer who does not pay the contribution within the time limit shall be liable to pay simple interest at the rate of 12% per annum for each day of the default or delay in payment of the contribution.
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Clubbing of allowances with basic pay under PF Act.pdf