The due date for payment of Provident Fund PF contributions PF Contribution amount is a sum of the employees contribution to Provident Fund deducted from the employees salary and the employers contribution. The employers disbursing the wages for March 2020 not only get relief of extension of due date for payment of EPF dues for March 2020 but also avoid liability of interest and penalty if they remit on or before.
Epf Payment Online Procedure Receipt Download Late Payment Penalty
The PF will be deducted from every employees salary and the payment due date is within the 15th of the following month.
. If contributions are made later than the 15th of following month if the 15th is a holiday the deadline will be the last working day before the 15th a fine of 6 per annum for each day overdue will be charged. This is in line with the original contribution payment date determined by the EPF. An individual can face two types of penalties if they fail to make their contributions.
If not a surcharge will be imposed. NSE Gainer-Large Cap. Each EPF payment chequecash deposit slip should be submitted along with the Form C which includes a reference number issued by the Department of EPF for the specific month.
However all these statutory payments due dates are subject to change by a government notification. The employers disbursing the wages for March 2020 not only get relief of extension of due date for payment of EPF dues for March 2020 but also avoid liability of interest and penalty if they remit on or before. The due date for paying the current months contribution is on or before the last working day of the subsequent month.
Total Contribution per Employee. Forms Filing mode EPF The Employees Provident Funds And Miscellaneous Provisions Act 1952 15052021. Delay in the deposition of Provident Fund.
The ECR with the said declaration and contributions and administrative charges for March 2020 are now due on or before 15052020. The EPFO allowed companies to file electronic challan cum return ECR and pay statutory EPF contribution for March separately. The Act is now referred as the Employees Provident Funds Miscellaneous Provisions Act 1952 which extends to the whole of India.
PF Contribution amount is to be deposited on or before 15th of the month following the month in which deduction is made. ESIC Employees State Insurance Act 1948 15052021. The employee provident fund organization of India has released a circular regarding the due date of extension for PF challan payments for April 2020.
If you want to deposit the PF contribution for June then as an employer you should clear all the payments before the 15th of July. The due date for depositing money into EPF accounts for the month of March 2020 was extended to May 15 2020 from the. Therefore the due date of the PF return is the same as the payment date and that is before the 15th of the following month.
The employers disbursing the wages for March 2020 not only get relief of extension of due date for payment of EPF dues for March 2020 but also avoid liability of interest and penalty if they remit on or before May 15 2020 EPFO added. The EPF annual return due date is 25th April of the following year. The date for employers to remit their mandatory contribution for 2021 is now the 15th of every month starting January 2021.
The EPFO will impose a penalty if there is a delay in the EPF payment beyond the due date. As per this circular no penalties will be incurred on the late payment of PF contributions. The PF annual return due date is 25th April of the following year.
The EPFO extended the due date for depositing EPF contributions for the month of March 2020. Previously the EPF provided an extension for contribution payment from the 15th to the 30th of every month from April until December 2020. For instance the due date of March 2020 payment was extended to the 15th of May 2020 from 15th of April 2020.
- Extension of due date for payment of contributions and administrative chargesInspection charges due for wage month march 2020 from 15042020 to 15052020 to establishments disbursing wages for March 2020. The ECR with the said declaration and contributions and administrative charges for March 2020 are now due on or before 15052020. 20 of the employees total monthly earnings.
Government of India will pay EPF contribution of both employer and employee 12 percent each for the next three months so that. The Employees Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a Bill to provide for the institution of provident funds for employees in factories and other establishments. If the employer fails to deposit the EPF amount before the due date they will have to pay 12 per annum interest for every single days delay.
An amount equivalent to 12 of total monthly income of the employee To be paid totally by the Employer. 8 of the total monthly earnings To be deducted from the employees salarywage. Considering the present economical and operational difficulties the EPFO has taken this decision.
Also Read A 7-step checklist to help you wrap up FY 2020-21. The minimum fine is RM 5 hence if the monthly fine is calculated to be less than RM5 it will be charged at RM 5 per month. Payment and filing for the PF return date are probably the same and you can process it at the same time.
PF and ESI Due Date 21 Provident Fund PF Due Dates.
Welcome To Sensible Compliances State Insurance Attendance Register Read More
Epf Nomination Form Online Epf Nominee Update Process Gst Guntur Aadhar Card Guntur Marital Status
Pf Withdrawal Claim Id Has Been Rejected Due To Date Of Leaving Differ Rejection Dating Passbook
Epf Form 15g Download Sample Filled Form 15g For Pf Withdrawal Gst Guntur Tax Deducted At Source Taxact Employee Services
Epf Registration Epf Registration Online Registration Certificates Online Legal Services
Pf Payment Due Date For April 2020 Youtube
Tax On Epf Withdrawal New Tds Rule Flowchart Planmoneytax
How To Check Pf Balance Learning Websites Balance Learning
Epf Registration Online Process For Employer Social Security Benefits Registration Employment
2 Uan Numbers How To Merge Two Uan Epf Accounts Online Online Accounting Accounting Write An Email
Epfo Latest News On Applicability Structure And Functions Latest News Function Organisation
How To Transfer Epf Account Online Pf Transfer Process Online Gst Guntur Online Accounting Accounting Aadhar Card
Epf Member Passbook For Tax Calculation Passbook Flow Chart Hobbies To Try
How To Transfer Epf Account Online Pf Transfer Process Online Gst Guntur Online Accounting Accounting Aadhar Card
Pf Payment Due Dates For The Fy 2020 21 For Tax Audit Reporting
Business News Today Read Latest Business News India Business News Live Share Market Economy News The Economic Times
Income Tax Income Tax Income Tax Return Legal Services
Pf Joint Declaration Form Kaise Bhare Epf Joint Declaration Form Download Jointdeclarationform Youtube Declaration Joint Names
Govt Extends Due Date To File Pf Contribution Returns For The Month Of March 2020
