Amendment status not verified — confirm the current text below against the official source.
7 (2) Every employer shall pay to the Fund both his contribution and the contribution of the employee before the 31st December of every year through online mode in favour of Welfare Commissioner. (3) The employer shall be entitled to recover from the employee the employee’s contribution by deduction from his wages and not otherwise : 2” (4) Any employer who fails to pay the contribution amount within a period of one month from the date specified under sub-section (2), shall be liable to pay interest at the rate of twelve percent per annum from the said date until such time the amount is actually deposited with the Welfare Commissioner;”.