EFP Interest and Damages Calculation
Interest 12 %
Damages
less than 2 months 5
2-4 Months 10%
4 -6 Months 15%
Above 6 mOnths 25%
If paid April 18 month Epf paid on 11/6/18
Wages Due Date paid date Delay days Account No Remitttance paid Damages 14B Interest 7Q Total Int
Month
Apr-18 15-05-2018 11-06-2018 27 AC No:1 3565 13.18562 31.64548 45
AC No:2 500 1.849315 4.438356 6
AC No:10 1895 7.008904 16.82137 24
AC No:21 114 0.421 1.0119 1
AC No:22 0 0 0 0
Total Damages and Interest 76
Interest Calcu= 7Q
= Remit Amount * Delay Date/365*12%
Damages Calcu =14B
=Remit Amount*Delay days/365* Damages % (5,10,15 or 25 %)
Interest 12 %
Damages
less than 2 months 5
2-4 Months 10%
4 -6 Months 15%
Above 6 mOnths 25%
If paid April 18 month Epf paid on 11/6/18
Wages Due Date paid date Delay days Account No Remitttance paid Damages 14B Interest 7Q Total Int
Month
Apr-18 15-05-2018 11-06-2018 27 AC No:1 3565 13.18562 31.64548 45
AC No:2 500 1.849315 4.438356 6
AC No:10 1895 7.008904 16.82137 24
AC No:21 114 0.421 1.0119 1
AC No:22 0 0 0 0
Total Damages and Interest 76
Interest Calcu= 7Q
= Remit Amount * Delay Date/365*12%
Damages Calcu =14B
=Remit Amount*Delay days/365* Damages % (5,10,15 or 25 %)
Dear Friends please find the attachment of calculation of EPF interest and Damages with examples.
From India, Delhi
From India, Delhi
Dear Kazim, i am unable to download the attachment, so i request to you kindly attach again or send me my email yatin.pundhir@gmail.com
From India, New Delhi
35From India, New Delhi
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