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Payroll and Compliance The Monthly Chronicle - June, 2017


       Form 16 due date extended for FY 2016-17

As per Rule 31 of the Income Tax Act, the due date for Form 16 (certificate for TDS deduction on salary) was 31st May 2017.

This year, the government has extended the TDS return (24Q) filing due date to 31st May 2017, thus making 31st the due date for TDS return filing as well as Form 16. To avoid any hardship and to enable hassle-free TDS return and Form 16 procedure, the government has extended the due date for FORM 16 issuance to 15th June 2017 (on 2nd June 2017 through gazette notification N0. G.S.R. 546(E)).

From FY 2016-17 onwards, the due date for issuing Form 16 would be 15th June.

Please find the notification for your information and reference:


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Employee Provident Fund (EPF) Interest Rates for FY 2017-18 Declared

Employee Provident Fund (EPF) Interest Rates for FY 2017-18 Declared

The EPFO has announced the interest rate applicable on employee-employer provident fund contribution (EPF) for the financial year 2017-18.

The EPF interest rate has changed from 8.80% (FY 2016-17) to 8.65% (current year). In this financial year (2017-2018), the subscribers of EPFO will get a marginally lower return than they have in the past few years.

Amendment in Advance Claim of Provident Fund (PF)

Withdrawal of Provident Fund (PF) for Housing Purpose

Introduction of Real Time Monitoring System of PF Remittances

New scheme launched under ESIC

Compliance Calendar for the month of June, 2017
Due date Nature of transaction Existing rules Mode
Professional Tax - States - Remittances
10th June 17 Andhra Pradesh & Madhya Pradesh State-wise regulations By Challan
15th June 17 Gujarat Gujarat PT regulations By Challan
20th June 17 Karnataka Karnataka PT regulations By Challan & Online
21st June 17 West Bengal West Bengal PT regulations By Challan
30th June 17 Assam & Orissa State-wise regulations By Challan
30th June 17 Maharashtra Maharashtra PT regulations Online
PF Central
15th June 17 Remittance of Contribution EPF & MP Act, 1952 Online
ESI Central
21st June 17 Remittance of Contribution (Main code and Sub codes) ESIC Act, 1948 Online
7th June 17 TDS Payment Income Tax Act, 1961 Online
15th June 17 Form 16 Income Tax Act, 1961 Online
Labour Welfare Fund Remittances
5th June 17 Kerala State wise regulations By Challan

Sources: Government Notifications, Circulars, Press releases.


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