Calculation of Penalty After Late Submission of ESI

Penal Interest under section 7Q:
# No.of days delayed in making payment x 12% p.a

Penal Damages under section 14B:
# No.of days delayed in making payment x 5% p.a (Less than 2 months)
# No.of days delayed in making payment x 10% p.a (2 months and above but less than 4 months)
# No.of days delayed in making payment x 15% p.a (4 months and above but less than 6 months)
# No.of days delayed in making payment x 25% p.a (6 months and above)

I have attached worksheet for the same.

EPF Interest and damages for Delayed Payments for the year 2007-2008

Contribution Period	Due Date	Paid Date	Delay Days	Rate p.a			Account No. 1			Account No. 2			Account No. 10			Account No. 21			Account No. 22
Contribution Period	Due Date	Paid Date	Delay Days	Slab	7Q	14B	Contribution	7Q Dues	14B Dues	Contribution	7Q Dues	14B Dues	Contribution	7Q Dues	14B Dues	Contribution	7Q Dues	14B Dues	Contribution	7Q Dues	14B Dues
Oct-07	11/15/2007	5/15/2008	182	6 months 0 days	12%	25%	10193	610	1271	756	45	94	4416	264	550	343	21	43	7	0	1
Nov-07	12/15/2007	4/15/2008	122	4 months 0 days	12%	15%	11145	447	559	823	33	41	4922	197	247	374	15	19	8	0	0
Dec-07	1/15/2008	3/15/2008	60	2 months 0 days	12%	10%	10880	215	179	804	16	13	4796	95	79	365	7	6	7	0	0
Jan-08	2/15/2008	3/14/2008	28	0 months 30 days	12%	5%	10880	100	42	804	7	3	4796	44	18	365	3	1	7	0	0
TOTAL								1372	2051		101	151		600	894		46	69		0	1

							ABSTRACT:
							7Q Dues	2119
							14B Dues	3166
							Total Rs.	5285

Click Here To Download EPF Damages Calculation

Check this also: Request Letter for Removing Penalty Imposed by Company

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View Comments

santosh agarwal says:

May 10, 2013 at 12:49 PM

sir,
please tall me that, the due date is-15/1/13,paid date-25/1/13 amount is 10000/-, the company pay only contribution on the 25/1/13 and wont to deposit intrest and damage on 30/1/13 then what is the delay days?
shipali says:

May 29, 2013 at 9:25 AM

please tell me how to claculate 7 q and 14 b for the below
Wage Month(08/2006) Due Date(15/09/2006) Amt date payment(26/03/2012) Contribution for A/c No.1 is 193 how to calculate 7 q and 14 b for A/c No 1. tel me pls sir its very urgent
Bishan Singh says:

October 23, 2015 at 12:10 PM

If the employer did not deposit the employees contribution according to his salary & working days. then what should be the penalty for the employer.

Kindly provide details.
Vinod Kumar says:

May 24, 2018 at 5:52 AM

I want to know about calculation of interest for epf late deposit under section 7q and 14b