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Statutory due date

Kushal (Student) (225 Points)

11 November 2009

If wages for the month of April are provided in April but salary is paid in may,then due dates for the purpose of PF and ESIC is to be taken as the relevant dates in May or June ?

Is it on provision or payment basis ??

Pls and with reference to any sections or case laws, if any..urgent

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7 Replies

Ram Avtar Singh (Nagari Sultanpur U.P.Delhi) (14477 Points)
Replied 11 November 2009

Its provision basis up to next month 20th EPF & 21st ESI including 5 days grace.

1 Like

Gokulakrishnan (Partner @ B.P.Rao&Co) (40 Points)
Replied 11 November 2009

yes it is on provision basis... when the salary is accrued and provision is made, the liability for pf & esi also arises which falls due in the succeeding month .. in ur case it falls due in the month of May

rajesh (Audit and Assurance) (117 Points)
Replied 11 November 2009

yes, its completely on provision basis

Smrity (Accountant) (168 Points)
Replied 17 February 2010

Please email me the statutory due date chart

Smrity (Accountant) (168 Points)
Replied 17 February 2010

Please email me the statutory due date chart

Smrity (Accountant) (168 Points)
Replied 28 February 2010

I have not recd. the chart, there are no attachments to the mail recd. from you. Please do send

CA Nikhil Mittal (Manager (Audit)) (77 Points)
Replied 15 March 2010

As per the provisions of EPF & MP Act or ESI act, employer is required to deposit the contribution on or before 15th day (21st day in case of ESI) of following month in which salary/ wages become due. Whether or not u make any provisions in ur books of account, still it is the liabilty of theemployer to deposit the amount in the stipulated time.