Employer default in pension fund contributions attracts penalty damages recoverable at prescribed rates. Default by an employer in payment of contributions to the Pension Fund, or in payment of charges payable under the Code or the Scheme, exposes the employer to levy and recovery of damages by way of penalty. The Central Provident Fund Commissioner, or an authorised officer, may assess and recover such damages at the rates specified under the Employees' Provident Funds Scheme, 2026.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Employer default in pension fund contributions attracts penalty damages recoverable at prescribed rates.
Default by an employer in payment of contributions to the Pension Fund, or in payment of charges payable under the Code or the Scheme, exposes the employer to levy and recovery of damages by way of penalty. The Central Provident Fund Commissioner, or an authorised officer, may assess and recover such damages at the rates specified under the Employees' Provident Funds Scheme, 2026.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
