According to section 39(5) of the Employee's State Insurance Act, 1948, if any contribution payable is not paid by the principal employer on the date on which such contribution has become due, he shall be liable to pay s

CS Executive · Industrial, Labour & General Laws · PYQS · December 2018
According to section 39(5) of the Employee's State Insurance Act, 1948, if any contribution payable is not paid by the principal employer on the date on which such contribution has become due, he shall be liable to pay simple interest at the rate of:
(A) 9 percent per annum
(B) 12 percent per annum
(C) 15 percent per annum
(D) 6 percent per annum

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Employees State Insurance Act, 1948

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