Is there grade period towards PF remittance. As per Act the PF is to be remitted before 15th of the month. In case the same is remitted after 2 /3 or 4 days, will it attract damages ?
From India, Hubli
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From India, Hubli
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You will be receiving an interest charges demand letter after the completion of the financial year from the EPFO regional office for the delayed payment. The amount will be very nominal. Please pay it promptly to close the issue. However, avoid delaying the payment for too long as it may lead to penalties and damages. Some companies have had to sell their assets to pay the damages imposed by EPFO.
From India, Chennai
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151From India, Chennai
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PF IMP NOTES - GRACE PERIOD.pdf
Kerala HC on due date of PF & grace period 10.1.12.doc