Canada Imposes Rs 82 Lakh Penalty On Infosys For Alleged Underpayment Of Tax

namit singh sengar namit singh sengar | 05-15 16:10

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.

“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 the company’s financials, operations or other activities.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI)
About the Author
Namit Singh Sengar
Namit writes on personal finance, economy and brands. Currently contributing to News18.com as a Senior Sub Editor in the business vertical. Prior to t...Read More

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