Provident Fund Grace Period Removed
EPFO has removed the grace period of five days given to employers to deposit the provident fund (PF) contribution.
Earlier, employers paid the PF contributions and administrative charges within 15 days of close of every month and had a grace period of five days.
The Employers Provident Fund Organisation (EPFO) in a circular said that the grace period has been removed with effect from February 2016 and the contributions for the current month have to be deposited in February.
Please Click Here to download the circular