15^th AS THE DUE DATE   FOR   ESI &  EPF TO BRING UNIFORMITY IN ALL STATUTORY REMITTANCE.

1)ESI: 15^th the last date of payment w.e.f June salary payable on July. ie 15^th July as last date without damages as against the existing 21^st of every month.

Notification dt.3-7-2017

If due date for  Payment falls on Public Holiday/bank holiday/ Sunday ? no clarification as such in ESI & EPF.

However going by the general law of the land, in the absence of clarification    dues may be deposited on next working day without damages

 EPFO has clarified the date of debit from the employer’s account may be taken as date of payment of PF contributions for the purpose of levy of damages by way of penalty.

2)EPF:

15th of the following month is the Revised Due Date for Payment of PF contribution by the employers (i.e. Removal of grace period of 5 days by EPFO w.e.f  Feb.2016)

If due date for PF Payment falls on Public Holiday/ Sunday

During the grace period regime, the remittances of PF dues made on next working day were subject to Penal Damages, when last day of grace period was falling on a public holiday/ bank holiday.

After removal of grace period of 5 days as above, the EPFO has not yet specifically clarified whether the dues may be paid on next working day with or without penal damages, if the last date/ due date falls on a public/ bank holiday.

However going by the general law of the land, in such circumstances PF dues may be deposited on next working day, as there is no special condition stipulated yet by the EPFO to make payment with Penal Damages on next working day.

Penal Damages on Late Deposit of PF using Internet Banking: EPFO Clarification 

EPFO has clarified that with the implementation of internet banking, the date of debit from the employer’s account may be taken as date of payment of PF, etc. contributions for the purpose of levy of damages by way of penalty.