The Employees’ Provident Fund Organisation (EPFO) has changed the way pensions are calculated for certain members under the Employees’ Pension Scheme (EPS). For some retirees, this update could mean a much higher monthly pension. The key difference? Their pension may now be calculated on their actual salary instead of a fixed wage limit. Here’s what … Read more
Millions of subscribers of the Employees’ Provident Fund Organisation (EPFO) are waiting to know this year’s PF interest rate for FY 2025–26. The main question is whether the government will increase the interest rate on provident fund deposits or keep it at 8.25%, the same as last year. It is expected that the interest rate … Read more
The Employees’ Provident Fund Organisation (EPFO) has introduced several major reforms to make PF services faster, simpler, and fully digital. From withdrawals and transfers to pensions and insurance, the process has become smoother for employees and pensioners. Here are 15 important changes you should know about. PF Withdrawal and Advance Rules Made Simple Earlier, PF … Read more
Many salaried employees don’t know this — but they already have life insurance cover without paying anything extra. If you are a member of the Employees’ Provident Fund Organisation (EPFO), you are automatically covered under the Employees’ Deposit Linked Insurance (EDLI) scheme. This scheme provides life insurance coverage of up to ₹7 lakh to your … Read more
The Employees’ Provident Fund Organisation (EPFO) is preparing to launch a new mobile app that could change how millions of Indians withdraw their EPF money. Soon, members may be able to transfer their EPF savings directly to their bank accounts using UPI — just like sending money through a regular payment app. The app is … Read more
The Employees’ Provident Fund Organisation (EPFO) is considering a plan to reward its fund managers based on investment performance. The goal is to improve returns on retirement savings for millions of subscribers. Under this proposal, fund managers who deliver better results could receive larger allocations of funds, motivating them to manage portfolios more efficiently and … Read more
For years, withdrawing provident fund (PF) money was a frustrating experience for salaried employees in India. Paper forms, office visits, manual checks, and long waiting periods were common. In many cases, people waited weeks or even months to access their own savings. That reality is now changing. The Employees’ Provident Fund Organisation (EPFO) has been … Read more
The Income Tax Department has released the draft Income-tax Rules, 2026, linked to the upcoming Income Tax Act, 2025. Taxpayers and stakeholders have been invited to share their feedback by February 22. These rules are expected to come into effect from April 1, 2026, along with the new tax law. The draft rules focus on … Read more
The Union Budget 2026 has proposed important changes to the Employees’ Provident Fund system. These changes focus on simplifying tax rules, reducing compliance pressure on employers, and updating outdated provisions related to PF contributions. The proposals are part of the Finance Bill 2026, which seeks to amend Schedule XI of the Income Tax Act, 2025. … Read more
The EPFO has made PF withdrawals much faster in 2026. Now, if you submit an online PF claim, the money is usually credited to your bank account in about eight days. This update was shared by the government in a written reply to Parliament. Earlier, PF withdrawals often took weeks or even months. Delays in … Read more
The Employees’ Provident Fund Organisation (EPFO) may soon lower the interest rate on provident fund deposits for the next financial year. According to a report by Economic Times, the rate could be reduced to between 8% and 8.20% for FY 2025–26, down from 8.25% in FY 2024–25. The final call is expected at the 239th … Read more