Section 127 regarding simple interest

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30052026-272998 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 2605] NEW DELHI, FRIDAY, MAY 29, 2026/JYAISTHA 8, 1948 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(ii)] MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 29th May, 2026 S.O. 2698(E).— In exercise of the powers conferred by section 127 of the Code on Social Security, 2020 (36 of 2020), the Central Government hereby specifies that the employer shall be liable to pay simple interest at the rate of twelve per cent per annum on any amount due from him under the Code from the date on which such amount has become due till the date of its actual payment. 2. This notification shall be deemed to have come into force on the 21st November, 2025. [F. No. S-35025/14/2026-SS-II] TEJASWI S. NAIK, Jt. Secy.