P.F AND ESI

[krishan sharma]

DEAR SIR

I HAVE QUIRY RELATED TO THE LAST DATE OF DEPOSITE OF CONTRIBUTION OF ESI AND P.F

AND I ALSO NOW THE LATEST EXEMPTION LIMIT OF BOTH WHICH IT APPLICABLITY

[PAWAN KUMAR SHARMA]

Last Date of Deposits for ESI is 21st & for PF 15th of the following Month.

[CA Rachit Agarwal]

PF due date is 15th of the following month and grace of 5 days. Hence for the purpose of income tax and other purposes due date can be considered as 20th of the following month.

[PAWAN KUMAR SHARMA]

Dear Mr Agarwal,

 

Would like to understand that if we deposit PF by 20th of the following month, Is there would be any statutory non-compliance with respect to any law ?

AI Summary

PF and ESI contribution due dates clarified; PF has a statutory due date with a short employer grace period for deposit. The document records that ESI contributions are payable by the twenty first day of the following month and PF contributions by the fifteenth day of the following month, with a reported common employer grace period of five days which for income tax and related administrative purposes is often treated as a twentieth day practical cut off; it notes a query whether depositing PF by that twentieth day would constitute statutory non compliance, without resolving that legal question.