Is there grade period towards PF remittance. As per Act the PF is to be remitted before 15th of the month. I ncase the same is remitted after 2 /3 or 4 days, will it attract demurrages ?
From India, Hubli
From India, Hubli
You will be getting an interest charges demand letter after completion of financial year from EPFO regional office for the delayed payment.
That will be very nominal. Pay it and close the issue. But never delay it long which will put you in trouble for penal damages. To pay the damages imposed by EPFO, some companies sold their assets and paid.
From India, Chennai
147That will be very nominal. Pay it and close the issue. But never delay it long which will put you in trouble for penal damages. To pay the damages imposed by EPFO, some companies sold their assets and paid.
From India, Chennai
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PF Grace period.pdf