Considering the nationwide lockdown in India the employee provident fund organization has extended the due date for the payment of EPF contributions till 15 May 2020. In general, employers need to make the payment of EPF contributions for March 2020 on or before 15 April 2020, but now a 30 days grace period is given to the employers.
So employers who have paid salaries to their employees for the month of March 2020 can pay EPF payments till 15 May 2020. There are total 5 Lakh establishments are going to be benefitted from this decision.
Even ESIC ( Employee State Insurance Corporation) has also extended the due date for the payment of ESIC contributions for the month of March 2020 to the 15th May 2020.
Other measures taken by EPFO during lock down in India
- EPF has introduced a new PF advance withdrawal reason called Out Break of Pandemic COVID 19.
- EPFO has settled 3.31 Lakh COVID 19 PF advance claims in just 15 days.
- We are hoping the due date for EPF payment for April 2020 will also be extended, but we have to wait for the official notification.