The due date for depositing Provident Fund (PF) contributions is the 15th of the following month for which the contributions are due. For instance, the contributions for the month of September must be deposited by October 15th. It is crucial for employers to adhere to this timeline to avoid penalties and ensure compliance with the Employees’ Provident Fund Organization (EPFO) regulations.
Provident Fund Return Due Date
The due date for filing the Provident Fund return (Form 5, Form 10, and Form 12A) is typically the 25th of the month following the month for which the return is being filed. For example, if you are filing for September, the return must be submitted by October 25th. Timely filing helps maintain accurate records and avoid potential penalties for non-compliance.
Penalty for Delayed Payment
In case of delayed payment of PF contributions, employers may face penalties. The EPFO imposes a penalty of 12% of the total contribution amount if the payment is delayed. Additionally, if contributions are not paid within 15 days of the due date, interest may also be charged at a rate of 12% per annum on the delayed amount. To avoid such penalties, it is essential to prioritize timely payments.
ESIC Return
The due date for filing the Employees’ State Insurance Corporation (ESIC) returns is the 15th of the month following the month for which contributions are due. For example, contributions for September should be filed by October 15th. ESIC returns include details of contributions made by both employers and employees, and timely filing is necessary to ensure compliance and avoid penalties.
If you need further details or specific information on any of these topics, feel free to ask!