For the late payment of the EPF Challan, the following Penalties are levied – 1. Section 7 Q - An interest of 12% per annum 2.  Section 14B – (i)  Up to 2 months, 5 % interest rate. (ii)  From 2-4 months, 10% interest rate. (iii) From 4-6 months, 15% interest rate. (iv) More than 6 months, 25% interest rate.