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geet.raj
4

Dear All,
15th of every month is the last day to deposit PF for last month. due to some reason though we have made cheque on 15/11/2012, we could not deposit it. Now we will deposit it on 16/11/2012.
Please tell me, what will be problems faced by us. do we need to pay any penalty for one day?
What will be immediate effects or effects at the time of annual returns?
Please reply asap.
Rgds, Geet

From India, Mumbai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Natraj@sakthimanagement.com
Https://t.me/pump_upp
AK CHANDOK
Epf & Esi Matters
Satish Kumar Bhargava
Social Security, Training, Vigilance &
Jaiswal_raj1976
Hr Professional
Ankitaadhikary
Senior Manager Hr
Rapolu HS
Service
Kashyap.0001
Pfesicconsultant.com
+3 Others

ankitaadhikary
147

Hi Geet,
Please go through this link
https://www.citehr.com/427744-penalt...-new-post.html
Regards
Ankita
Executive HR

From India, Patna
lekhasis1986
3

Hai If Chq Payment 5 Days Grace Period Will Be There so Before 20Th Chq Should Get Cleared.
From India, Bangalore
kashyap.0001
2

Geet
As you know that 15th is last due date to submit EPF contribution but if you have reason to submit late than you may escape because after 15th 6 grace days are given. i.e. you can submit challan till 21th often not every month. that's way don't worry.
Regards
Kashyap

From India, Delhi
lekhasis1986
3

Hellow You Can See IT Act Manual It is Clear That Pf Payment is 15 Th Last Date and Grace Period Is 5 Days Because of Chq Payment ie,,. 20 Th Last .
From India, Bangalore
Satish Kumar Bhargava
10

The 15th Nov. being closed for Banks you are well within the grace period. No penalty. No effect anywhere.
From India, Jaipur
AK CHANDOK
75

there is a grace period of 5 days i e upto 20th in case it could not be deposited by 15 th. A K Chandok RPFC (Retd.) www.akchandok.com
From India, Chandigarh
jaiswal_raj1976
7

Dear Geet,
One more thing i would like to add here ......... Please do not be so afraid of these pitty issues, 1 day late or 10 days late. I have seen in my 15 yrs of exp. that ground reality is that PF authority's stress always remain elsewhere at the time of inspections rather than on your late contributions. But still I will again appreciate if you adhere to your own compliance management and follow the deadlines.
Wish you best of luck !
RK

From India, Mumbai
ankitaadhikary
147

Hi All,
Please find the attachment
Ankita
Executive HR
A candle loses nothing by lighting another candle"
In other words, be willing to help others and share your knowledge and insights with others who may benefit

From India, Patna
Attached Files (Download Requires Membership)
File Type: pdf GRACE PERIOD.pdf (61.5 KB, 433 views)
File Type: doc Kerala HC on due date of PF grace period.doc (39.5 KB, 232 views)

JACL
Dear Geet,
Normal grace period is 4-5 days only but not for frequently.on submission of late date depts computer starts calculating interest by penalty clause 7Q and damage by 14B.As well as after grace period if more days not paid then I.Tax dept.start raising penalty while on scrutiny of A/c.Means both side penalty.So it is better to pay at stipulated time only.
Regards,
JACL

From India, Pune
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