Infosys Slapped With Rs 82 Lakh Penalty By Canadian Government: Know Why

According to a recent regulatory filing, the fine translates to over 134,000 Canadian dollars.
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Infosys Slapped With Rs 82 Lakh Penalty (Image Source: iStock)

India's IT giant Infosys has been slapped with a fine of approximately Rs 82 lakh by the Canadian government for allegedly failing to meet its complete employee health tax obligation for the financial year ending December 31, 2020.

Infosys Fine Amount

According to a recent regulatory filing, the fine translates to over 134,000 Canadian dollars.

How Infosys Get Information ABout Penalty?

Infosys disclosed that it was notified of the penalty by Canada's Finance Ministry on May 9, with the precise penalty amount specified in the filing as 134,822.38 Canadian dollars.

Impact Of Penalty On Infosys

While this penalty may seem hefty, Infosys assures that it will not significantly affect its financial standing, operations, or other commitments.

Penalty Imposed On Infosys And Its Reason

This is not the first time Infosys has encountered such issues. Earlier in January, it faced a penalty of $225 for allegedly underpaying modified business tax for two quarters by the US taxation authority. Similarly, the Florida Department of Revenue imposed a penalty of $76.92 last August for tax payment shortfalls, and in October, the Commonwealth of Massachusetts fined Infosys $1,101.96 for rejecting family and medical paid leave returns for the first and second quarters of 2023.
Demand Notice
Moreover, in September, India's commercial taxes department, specifically from the assistant commissioner of the Kelambakkam assessment circle in Chennai, sent a demand notice of Rs 26.5 lakh for integrated goods and services tax (IGST), along with penalty and interest charges.
End of Article
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