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| This query is : Resolved
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Author : Anonymous
( Author )
15 December 2010
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PLEAE REPLY URGENTLY THANKS IN ADVANCE
Recently I came across a news that due date for payment of Provident fund is 15th of the month following the month of payment of salary. Extension period is upto 20th of the month following the month of payment of salary after which penalty shall be imposed.
Is it True?
If yes, can you give me the source [sec no/rule no.etc] if I want to substantiate to my Seniors.
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CA Shailesh Kumar Bhagat
( Expert )
15 December 2010
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As per my information it is still 15 days.
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B.Chackrapani Warrier
( Expert )
15 December 2010
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Also, five days of grace period has been allowed to employers for payment of Provident Fund contributions by clause (iii) of CPFC’S Circular No.E.128(1) 60-III dated 19-3-1964 as modified by circular No.E11/128 (section 14-B Amendment)/73 dated 24-10-1973.
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