Hello
We all know that the PF remittance has to be done by 15th of every month.
However I would like to know that if we submit the cheque on last day (15th) with SBI bank well within clearing time (1300 Hrs) & the challan bears a clearing date of lets say 19th or 20th, then will the employer be subject to interest & damages?
regards

From India, Aurangabad
Dear Sunny,
As You Know That Last Date of PF remittance is 15th of every month. But Employer can submit the challan 20th of every month it includes 5 days grace period. No Interest & damages will charge from employer if the employer submit the cheque on last day 20th. if the Employer submit the challan on or before 15th then he will get rebate under income tax act.
thanks
Amit Kumar

From India, Chandigarh
Dear Friends, Please find the attached document it will really help to know about the grace period. thanks/regards, Amit Kumar
From India, Chandigarh

Attached Files
File Type: pdf GRACE PERIOD.pdf (61.5 KB, 414 views)

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2021 Cite.Co™