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| Home > Employment, Criminal and Labour > Provident Fund under The Employee,s Provident Funds Act ,1952 |
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| Penalty For Default in Payment |
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If the employer defaults in making payment of any contribution, arrears, accumulations, administrative charges, to the Fund, he shall be liable to pay, by way of penalty, damages at the following rates:
|
Period of Default |
Rate of Damages
(% p.a.) |
| (i) |
Less than 2 months |
17 |
| (ii) |
2 months and above but less than 4 months |
22 |
| (iii) |
4 months and above but less than 6 months |
27 |
| (iv) |
6 months and above |
37 |
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