the 5 days grace is given after due date of pf deposition.the deposit made within this period must b considered as delay payment or not?
CA. Dashrath Maheshwari (TaXpert) 19 November 2008
This is a case of delay only. the grace is given for clearing purpose. The intend of law is not to give 5 more days to pay !
If a company is paying salary from 18 th of each month to 17th of next month, it means if a calender month is not followed by it for computation of their employees' salary, then by which date that company is supposed to deposit the PF liability.
Say, the company paid on 30th October salary for the period 18.09.2008 to 17.10.2008, then by which date it should deposit its PF and ESI liability.
Navnit Agrawal (CA) 30 December 2008
Where can i find the legal language providing the 5 days grace period after the due date of payment of Provident Fund?
Navnit Agrawal (CA) 01 January 2009
Actually I want to know the specific section or noticication (or whatever) through which the grace period is granted.
naveen kumar jain (article) 12 July 2010
1.how to calculate penalty if Provident fund is not paid for last 4 month.?
2. Provident fund applies if a organisation has 20 or more employees correct or central gov will specify ? Correct.
3.What class of salaried employee get attacked to it ?
CA DEEPAK BANSAL (ACA, B.COM(H) ) 12 July 2010
IF THERE IS DATE OF PAYMENT FOR PF IS 15 OF TEH NEXT MONTH BUT THERE IS A GRCAE PERIOD OF 5 DAYS WHICH IS CONSIDERED FOR PAYMENT
IF WE PAY WITHIN 15TH + 5 DAYS I.E. 20TH OF THE NEXT MONTH THEN IT IS NOT THE CASE OF DEFAULT
HERE PAY DOESN,T MEAN DATE OF DEPOSIT OF CHEQUE
IT MEANS DATE OF STAMP ON THE PAYMENT CHALLAN ONLY IF THERE IS ANY COUNTER PLEASE FEEL FREE TO ASK
sravan (Accountant) 04 March 2011
hi this is shravn. iam asking hw verfy the internal audit and hw we prepafre the audit repot in interanal Auidt in charitable trust & companies (private,publuic)