• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Geod.in Employees News

Geod.in

  • Home
  • PAY MATRIX
  • 7th CPC Pay
  • EXPECTED DA
  • LTC 80 Fare
  • AICPIN
  • DOPT
  • Finmin
  • Get e-mail
    • About Us

Always Popular

7th CPC Pay Matrix7th CPC Pay Calculator
8th CPC NewsTNEB Code List
6th CPC Fitment TableCGHS Rate list 2024
Expected DA July 2024AFD CSD Online Portal
AICPIN October 2024 New7th CPC CEA Form New
KV Fees 2023House Rent Form

EPFO’S Withdraws Grace Period of 5 Days for Depositing the Dues from Feburary – 2016

Admin January 12, 2016

EPFO’S Withdraws Grace Period of 5 Days for Depositing the Dues from Feburary – 2016

Press Information Bureau
Government Of India
Ministry Of Labour & Employment

Dated: 12-1-2016

EPFO’S Withdraws Grace Period of 5 Days for Depositing the Dues from Feburary . 2016

Employees Provident Fund Organisation(EPFO) has withdrawn grace period of 5 days for depositing the dues with effect from February ,2016. EPFO has earlier issued a circular on 8th January, 2016 to this effect. In a communication to employers ,EPFO has informed that the dues for the month of Jan, 2016 are to be paid by 15th February 2016. In view of availability of technological tools to the employers, the concession of 5 days has outlived its basic purpose and utility. Accordingly, the concession of grace period of 5 days available to the employers for depositing the contribution and other dues has been withdrawn.

Employers are required to pay the contributions and administrative charges within fifteen days of close of every month as per the provisions of EPF & MP Act 1952 under three Schemes namely Employees’ Provident Funds Scheme (EPFS), 1952, Employees’ Pension Scheme (EPS), 1995 and Employees’ Deposit Linked Insurance Scheme (EDLIS), 1976.A grace period of 5 days was also allowed in addition to the statutory provisions. This grace period of 5 days wasallowed in view of the practice of manual processing of calculation of wages and dues of the employees at the end of Employers. The remittances of the dues in the bank also required additional time in the manual setup.

Recent technological advancement, have empowered employers to compute the wages and liabilities through aid of computers. Facility now exists to file Electronic Challan-cum-Return (ECR) and remittance of dues through Internet Banking. This has substantially reduced the process and time taken in calculation of PF dues and its remittances in the bank.

The concession of 5 days has outlived its basic purpose and utility. Accordingly, the concession of grace period of 5 days available to the employers for depositing the contribution & other dues iswithdrawn.

This shall apply from February, 2016 for depositing contributions for the month of January, 2016 that is payable in the month of February, 2016.The employers will therefore need to deposit the remittances within 15 days of close of every month from February, 2016.

The field offices of EPFO are being asked to sensitize large establishments that employ more than 500 employees, all PSUs and important establishment in this regard, through local press releases, emails and at appropriate forums.

Source: PIB

Filed Under: Employees Provident Fund Organisation (EPFO)

Enter your email address:

Delivered by FeedBurner

Recent Comments

  • GTA SA MOD on Pay Matrix Chhattisgarh
  • Shankar on 7th Pay Commission Pay Matrix Table
  • Mp3 Juice on Pay Matrix Gujarat

Primary Sidebar

Search Box

Quick Links

7th CPC Pay Calculator

AFD CSD Price 2023

NPS Withdrawal Form

CGHS Rate 2023

CGHS Claim Form

CGHS Card Form

KV Fees 2023-2024

KV Uniforms 2023-24

KV Result – Search Box

KV School List

7th CPC Salary Calculator

Pay Calculator Karnataka

Pay Matrix Tables

4th,5th,6th & 7th Pay Scale

6th CPC Fitment Table

Civilian Employees

Teachers & Professor

Defence Force

Military MNS

GDS Pay Matrix

Assam

Bihar

Chhattisgarh

Gujarat

Haryana

Jammu & Kashmir

Jharkhand

Karnataka

Madhya Pradesh

Maharashtra

Manipur

Meghalaya

Mizoram

Nagaland

Odisha

Rajasthan

Sikkim

Tamil Nadu

Tripura

Uttar Pradesh

Uttarakhand

West Bengal

Other Topics

TNEB Distribution Code

Holidays 2023 

Sports Calendar 2022-2023

Copyright © 2025 · Central Government Employees & Pensioners News - Geod.in - Log in