PF Payment Due Date - Income Tax

If the wage month is January 2008, the EPF of that month (called wage month) shall be paid on or before 15th of February 2008. However, no penalty is imposed if the same is paid within 20th (ie, 5 days are given grace)However if you fail to pay it on 20th, then penalty, damages etc will be calculated from 16th day of the return month.

For ESI, the last date for payment of contributions pertaining to a wage month is 21st of the succeeding month.

Regards,

Madhu.T.K

Dear HR friends, Due date for P F payment is 15th of every month this is not depending on date of payment Thanks Kumar

What is the Penalty Percentage and how is it calculated ? Salary paid date is irrelevent while calculating PF Due date?

Sudha !

The last date for the P.F. contributions Payments (for every month) is 15th of the preseding month. 26th of every month is the due date for the submission of Returns alongwith Payment Challan.

It is not depending on Individual Company Payment period. As per the statutory only as above referred.

Regards.


Karan,
Hyderabad

1) Is it 26th or 20th ? Along with the payment only we submit PF challans, which is 20th (inclusive of grace period)

2) ww.icai.org/icairoot/publications/complimentary/cajournal_oct03/p423-426.pdf
please refer content in top right corner of 3rd page of this pdf
I still have doubts regarding due date calculation.

The date of disbursement of salary is irrelevant for this and the due date for payment of employees' and employer's contribution along with administrative charges is 15th of next month following the month in which salary is disbursed.

hello evryone ,

my query is in respect of sec. 36(1)(5a) & sec.2(24) . in respect of payment on account of P.F. & E.S.I by the co. delayed but paid before submission of I.T.R on due date as prescribed under the INCOME TAx Act .

" shall the late sum paid on account of E.S.I. & P.F. be allowed or not , if payment is made within the relevant financial year ? "

hello ,

my query is in respect of sec. 36(1)(5a) & sec.2(24) . in respect of payment on account of P.F. & E.S.I by the co. delayed but paid before submission of I.T.R on due date as prescribed under the INCOME TAC Act .

" shall the late sum paid on account of E.S.I. & P.F. be allowed or not , if payment is made within the relevant financial year ? "