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Payments should be made monthly using a " Form-C ".
(The “Form-C
“is posted to you every month.It can also be obtained
from bookshops or downloaded from the EPF website. It
can be posted to Ceylinco House or submitted
electronically to
epfc3@cbsl.lk
)
Form C
-
download here
The due date
for the current month's contributions is on or before
the last working day of the subsequent month. A monthly
default list will be prepared by the CBSL indicating the
default amount. |
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Penalties
will be added for - |
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Late submission of contributions |
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The list of
defaulters prepared by CBSL along with the surcharge
progressively increasing from 5% to 50% on the overdue
amount will be sent to the Labour Department. The
surcharges levied will be informed to the employer by
the Labour Department. |
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Under payments |
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When the
amount paid is less than the calculated contribution a
penalty will be added according to the number of days
from the underpayment to the full payment. |
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The Surcharge for Overdue Payments and Under Payments |
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Delay |
Surcharge % |
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1 day
and up to 10 days |
5% |
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10
days and up to 1 month |
15% |
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1
month and up to 3 months |
20% |
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3
months and up to 6 months |
30% |
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6
months and up to 12 months |
40% |
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Over
12 months |
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Legal Action on Default Employers |
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In the event
of Underpayment or Non payment of contributions, the
employee reserves the right to make a written complaint
to the Commissioner of the Labour. On receipt
of the complaint and after proper investigation the
Employer will be informed and warned to pay the dues.
If the
Employer doesn’t fully co-operate and pay the
contributions after three warnings, the Labour
Department will be forced to take Legal Action against
the Employer to safeguard the rights of the Employee. |
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