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
From India, Coimbatore
April 2020 and May 2020 being Covid lock down periods, the delay in payment of contributions were permitted. Therefore, the delayed payment should not attract interest u/s 7Q and damages u/s 14B of the EPF and MP Act.
Wage month August 2022 does not qualify for any special treatment and you should pay both interest as well as damages if you have defaulted payment in time.
From India, Kannur
4249Wage month August 2022 does not qualify for any special treatment and you should pay both interest as well as damages if you have defaulted payment in time.
From India, Kannur
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ESI applicable to software development companies - Bom HC 2012.pdf