If the employer does not pay on time, it owes 1 day of salary per day of delay (CST art. 65). It runs from termination until effective payment.
With $2,000,000 and 10 days: $666,666.67.
Formula
Late-payment penalty
(salary / 30) × days late
Example — $2,000,000 × 10 days
| Item | Calculation | Value |
|---|---|---|
| Daily wage | 2,000,000 / 30 | $66,666.67 |
| Days late | — | 10 |
| Penalty | 66,666.67 × 10 | $666,666.67 |
FAQ
It runs from termination until effective payment.
Yes: 720 days (24 months) when the salary exceeds 1 SMLMV ($1,750,905 in 2026), and default interest is paid from month 25 (CST art. 65 as amended by Law 789/2002 art. 29). At 1 SMLMV or less that cap does not apply.
Informational estimate
Educational content, not legal advice. CST art. 65 as amended by Law 789/2002 art. 29.