Dear Friends,
As per the PF Act, a company has to deposit its monthly PF contribution by the 15th of every month, but I have not found anything related to a grace period.
Our company is in the practice of depositing it by the 20th. Please let me know about any grace period, if it exists, and provide the relevant act/section or circular regarding this.
This information is urgently required by me.
Regards,
Kavita
From India, New Delhi
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As per the PF Act, a company has to deposit its monthly PF contribution by the 15th of every month, but I have not found anything related to a grace period.
Our company is in the practice of depositing it by the 20th. Please let me know about any grace period, if it exists, and provide the relevant act/section or circular regarding this.
This information is urgently required by me.
Regards,
Kavita
From India, New Delhi
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Hi Kavita,
As the company deposits late payment after the due date, the company has to pay late payment charges.
Sameer
Mail: [IMG]https://www.citehr.com/misc.php?do=email_dev&email=aHJkLnNhbWVlck BnbWFpbC5jb20=[/IMG]
From India, New Delhi
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As the company deposits late payment after the due date, the company has to pay late payment charges.
Sameer
Mail: [IMG]https://www.citehr.com/misc.php?do=email_dev&email=aHJkLnNhbWVlck BnbWFpbC5jb20=[/IMG]
From India, New Delhi
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Dear Kavita, Company has to deposit PF contribution by 15th of every month, there is a grace period for 5 days, if salary paid on 07th instead of 01st. Regards, Jagdish Pathak # 9811488664
From India, Gurgaon
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49From India, Gurgaon
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no it is clearly written in the EPF Act that there is a grace preiod upto 20th of the every month. Pls read the epf act.
From India, New Delhi
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From India, New Delhi
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I have a disagreement with AKPK34. As previously, there was no such grace period; the last date for the deposit of EPF accumulation was the 15th of every month. However, due to some discrepancy in the site updating process by EPFO, this month the grace period is provided. The circular is enclosed for reference.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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PF Grace period.pdf
Kerala HC on due date of PF & grace period 10.1.12.doc