Covid-19 impact: Companies facing cash crunch can delay EPF contribution

The EPFO said that companies are facing liquidity or cash crunch in paying their mandatory provident fund dues "even though they are retaining the employees on their rolls"

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