Why did Canada fine 82 lakh rupees to Infosys? The reason is personnel related

New Delhi. The Canadian government has imposed a fine of 1.34 lakh Canadian dollars (about Rs. 82 lakh) on IT company Infosys. This penalty is imposed due to underpayment of employee health tax. This penalty has been imposed on the company for the year 2020. Infosys received an order in this regard from the Canadian Ministry of Finance on May 9.

“A penalty has been imposed for underpayment of employee health benefits for the year ended December 31, 2020,” the company said in a filing to the stock exchange, adding that the company was fined 1,34,822.38 Canadian dollars. have been applied. It has not affected the financial, operational or other activities of the company.

The Employee Health Tax (EHT) is a mandatory payroll tax imposed on employers in select Canadian provinces such as Ontario and British Columbia. Taxes are calculated based on a variety of compensation, including salary and bonuses, taxable profits and stock options. Its primary purpose is to contribute to the financing of health services with the province.

Shivangi Thapliyal

A content writer at Sportsmanor, Shivangi Thapliyal is pursuing her graduation in Mathematics from University of Delhi. Her keen interest in sports has brought her into the world of writing. An ardent WWE enthusiast, she will otherwise be found listening to music or learning something new.

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