Due date of deposit the PF contribution
PRIYANKA BHATIA
(Querist) 22 July 2009
This query is : Resolved
Due date of deposit the PF contribution is 15 + 5 days of grace making it 20 of next month. I want to ask whether cheque deposit date is relevant for this or cheque clearing date? If cheque is deposit before 20th but cheque cleared after 20th. Is this said to be delay in deposit?
Sankaranarayanan
(Expert) 22 July 2009
the bank accepteance seal should be prior to the 20th day.
A V Vishal
(Expert) 22 July 2009
The due date for payment of PF is 15th of every succeeding month, the grace period of 3 days is for clearing if the payment is made thru cheque, however the cheque has to be deposited on or before 15th in order to be a payment made in time.