 "EPFO, PF, Provident fund, savings")
Companies can delay the contribution made by them towards the employees’ provident fund schemes of workers, the Employees’ Provident Fund Organisation (EPFO) said on Thursday, in a bid to give relief to industries impacted by the national lockdown.
In a statement issued on Thursday, the EPFO said that companies are facing a liquidity or cash crunch in paying their mandatory provident fund dues “even though they are retaining the employees on their rolls” due to the spread of COVID-19 pandemic.
“Keeping in view the above situation and to further ease the compliance procedures…the filing of monthly electronic-challan-cum-return (ECR) is separated from the payment of the statutory contribution reported in the ECR,” the EPFO said in a statement.
