{"id":2100,"date":"2024-09-04T13:19:47","date_gmt":"2024-09-04T07:49:47","guid":{"rendered":"https:\/\/www.sgcms.com\/regulatory-updates\/?p=2100"},"modified":"2024-09-16T17:16:49","modified_gmt":"2024-09-16T11:46:49","slug":"epfo-revision-of-rate-of-damages","status":"publish","type":"post","link":"https:\/\/www.sgcms.com\/regulatory-updates\/epfo-revision-of-rate-of-damages\/","title":{"rendered":"EPFO: Revision of rate of damages"},"content":{"rendered":"<p>The Employees&#8217; Provident Fund Organisation (EPFO) has recently revised the rate of damages. The date of effect is 14th June, 2024. The new recovery damages from the employer will be at the rate of <strong>one percent (1%)<\/strong> of the arrears of contribution per month.<\/p>\n<p>Please find the notification below:<\/p>\n<p><a href=\"https:\/\/www.sgcms.com\/regulatory-updates\/wp-content\/uploads\/2024\/09\/Circular-regarding-revision-in-rate-of-damages.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Circular regarding revision in rate of damages<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Employees&#8217; Provident Fund Organisation (EPFO) has recently revised the rate of damages. The date of effect is 14th June, 2024. The new recovery damages from the employer will be at the rate of one percent (1%) of the arrears of contribution per month. Please find the notification below: Circular regarding revision in rate of&hellip; <a class=\"more-link\" href=\"https:\/\/www.sgcms.com\/regulatory-updates\/epfo-revision-of-rate-of-damages\/\">Continue reading <span class=\"screen-reader-text\">EPFO: Revision of rate of damages<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,17],"tags":[54,24],"class_list":["post-2100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-compliance","category-epfo","tag-compliance","tag-epfo","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EPFO: Revision of rate of damages - Regulatory Updates by SGCMS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sgcms.com\/regulatory-updates\/epfo-revision-of-rate-of-damages\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EPFO: Revision of rate of damages - Regulatory Updates by SGCMS\" \/>\n<meta property=\"og:description\" content=\"The Employees&#8217; Provident Fund Organisation (EPFO) has recently revised the rate of damages. The date of effect is 14th June, 2024. The new recovery damages from the employer will be at the rate of one percent (1%) of the arrears of contribution per month. 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