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    <description>Damages for an employer&#039;s default in payment of Insurance Fund contributions or charges payable under the Code, rules or the Scheme may be recovered by the Commissioner or a Central Government-authorised officer. The applicable rate is that specified in the Employees&#039; Provident Funds Scheme, 2026. Damages are calculated to the nearest rupee: fractions of fifty paise or more are rounded up, and fractions below fifty paise are ignored.</description>
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