Infosys Slapped With Penalty: Canada Government Imposes Rs 82 Lakh Penalty on Infosys for Alleged Underpayment of Employee Health Tax
The Canadian government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax for the year ended December 31, 2020, a regulatory filing said.
New Delhi, May 13: The Canadian government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax for the year ended December 31, 2020, a regulatory filing said. Infosys received an order from Canada's Finance Ministry on May 9. Infosys’ Full-Year Employee Strength Drops for First Time in 23 Years by 25,994 in Financial Year 2023-24
"Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020," the filing said, which mentioned a penalty of 1,34,822.38 Canadian dollars has been imposed on the company. Infosys said that there is no material impact on financials, operations or other activities of the company.
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