Home India Ministry of Labour and Employment Notification under Section 127 of CoSS, 2020...
Date: 2026-05-08 Category: Extra Ordinary State: Union Government Country: India

Notification under Section 127 of CoSS, 2020

Issued by Ministry of Labour and Employment · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

**Summary of Ministry of Labour and Employment Notification (S.O. 2357(E))** **Overview** The Ministry of Labour and Employment, Government of India, issued a formal notification on May 8, 2026, regarding interest penalties for delayed payments under the Code on Social Security, 2020. The notification was published in The Gazette of India: Extraordinary (Part II—Section 3—Sub-section (ii)). **Legal Authority** In exercise of the powers conferred by Section 127 of the Code on Social Security, 2020 (36 of 2020), the Central Government has specified the interest liabilities for employers regarding outstanding dues. **Key Provisions and Metrics** * **Liability:** Employers are liable to pay interest on any contribution or any other amount payable under the Code that remains unpaid. * **Interest Type:** Simple interest. * **Interest Rate:** Twelve percent (12%) per annum. * **Accrual Period:** Interest is calculated from the specific date on which the amount became due until the date of its actual payment. **Administrative Information** * **Notification Number:** S.O. 2357(E) * **File Reference:** F. No. R-19025/13/2026-SS-I * **Issuing Official:** Ashutosh A.T. Pednekar, Joint Secretary * **Date of Issue:** May 8, 2026 * **Place of Issue:** New Delhi * **Publisher:** Controller of Publications, Delhi-110054; uploaded by the Directorate of Printing at Government of India Press, Mayapuri, New Delhi-110064.

Key Entities Referenced

Code on Social Security, 2020: The primary legislation governing social security benefits and obligations, under which the interest rate for delayed contributions is specified. Section 127 of the Code on Social Security, 2020: The specific legal provision that empowers the Central Government to mandate interest on delayed payments of contributions or other sums due under the Code. Ministry of Labour and Employment: The central ministry responsible for issuing this notification and overseeing the implementation of labour and social security regulations.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-09052026-272390 CG-DxLx-xEG-I0D9H0x5x2x0 26-272390 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2266] नई दिल्ली, िुक्रवार, मई 8, 2026/विै ाख 18, 1948 No. 2266] NEW DELHI, FRIDAY, MAY 8, 2026/VAISAKHA 18, 1948 श्रम एव ंरोिगार मत्रं ालय अजधसचू ना नई दिल्ली, 8 मई, 2026 का.आ. 2357(अ).— केंद्रीय सरकार, सामाजिक सुरक्षा संजिता, 2020 (2020 का 36) की धारा 127 द्वारा प्रित्त िजियों का प्रयोग करत ेहुए, जवजनर्िष्टि करती ि ैदक संजिता के अधीन संिेय दकसी भी अिं िान या दकसी संिेय रकम के जलए, जनयोिक संजिता के अधीन दकसी रकम के िये िोने की तारीख स ेलेकर उसके वास्ट्तजवक संिाय की तारीख तक बारि प्रजतित प्रजतवर्ि की िर स े साधारण ब्याि का संिाय करन े का िायी िोगा। [फा. सं. आर-19025/13/2026-एस एस-I] आिुतोर् ए .ीी .पेडणेकर, संयुि सजचव 3294 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 8th May, 2026 S.O. 2357(E).— In exercise of powers conferred by section 127 of the Code on Social Security, 2020 (36 of 2020), the Central Government specifies that for any contribution or any other amount payable under the Code, the employer shall be liable to pay simple interest at the rate of twelve percent per annum from the date on which any amount has become due under the Code till the date of its actual payment. [F. No. R-19025/13/2026-SS-I] ASHUTOSH A.T. PEDNEKAR, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research