Esi and pf

Hi Ritu,

Due date for PF challan deposit date is15th of every month+5days grace

Due date for ESI is 21st of every month

Penal Interest under section 7Q:
# No.of days delayed in making payment x 12% p.a

Delay in deposit of dues attracts penal damages. Damages are levied at the following FLAT RATES:

• For 0 — 2 months delay – @ 5 % p.a.
• For 2 — 4 months delay – @ 10 % p.a.
• For 4 — 6 months delay – @ 15 % p.a.
• For delay above 6 months – @ 25 % p.a. (subject to a maximum of 100%)
• The above rates are same for both

5 days grace not available.

Pay the ESI & PF in subsequent month through ECR challan.