Dear All, Kindly let me know due date for PF Monthly Contribution payment.Is there any grace period ? Regards, Ashwini
From India, Bangalore
Acknowledge(0)
Amend(0)
1From India, Bangalore
Acknowledge(0)Amend(0)
The due date for the submission of the Monthly EPF Contribution is the 15th day of the following month. According to EPF Circular No. C/MD/Apply/Genl/64 dated 28-04-1964, all unexempted establishments were allowed a 5-day grace period. The circular is attached.
Hope this will be helpful for you and all other members.
Regards,
From India, Delhi
Acknowledge(1)Amend(0)
Hope this will be helpful for you and all other members.
Regards,
From India, Delhi
Acknowledge(1)Amend(0)
Grace Period Applicability
The grace period mentioned in the circular applies only to Tamil Nadu, I think. It has been issued by the Chennai Office of the EPFO. I do not think other departments have issued such a circular.
Secondly, that was in the year 1964, and I don't think it is relevant today.
From India, Mumbai
Acknowledge(0)Amend(0)
The grace period mentioned in the circular applies only to Tamil Nadu, I think. It has been issued by the Chennai Office of the EPFO. I do not think other departments have issued such a circular.
Secondly, that was in the year 1964, and I don't think it is relevant today.
From India, Mumbai
Acknowledge(0)Amend(0)
So, the grace period circular is still applicable ? And does it apply to the entire country ?
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
On the grace period of 5 days, there are two circulars by CPFC. The first one bears No.E.128(1) 60-III dated 19.03.1964, and the second one bears No.E11/128 (Section 14-B Amendment)/73 dated 24.10.1973. Both circulars by CPFC are still valid all over India. I have been trying to obtain copies of both circulars from various sources for a long time. Can anyone help me?
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
To the best of my knowledge, there was a grace period of one day given for electronic payments, primarily because they clear immediately as compared to payment by a cheque. The circulars for the grace period were only advisory to the field officers, advising them not to take legal action on minor delays. In case of repeated delays, this grace period, to my knowledge, would not apply. In any case, there is no grace period in the online systems which compute interest for any delay.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Saswata ji, I do agree with you to the extent that the grace period should be used sparingly and cannot become a regular practice. I will leave the rest for other seniors and experts to comment on.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Kerala HC on due date of PF & grace period 10.1.12.doc
Circular On Relaxation In Due Date Of Payment Of ESI Contribution In Odisha Region (1).pdf