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 These changes focus on simplifying tax rules, reducing compliance pressure on employers, and updating outdated provisions related to PF contributions.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
There is major and reassuring news for millions of salaried employees in India. The central government is seriously considering increasing the wage ceiling for mandatory provident fund (PF) contributions under the Employees’ Provident Fund Organization (EPFO). At present, the salary limit is ₹15,000 per month, but it may be raised to ₹25,000. If approved, this … Read more
The government is considering increasing the wage ceiling for mandatory Employees’ Provident Fund (EPF) contributions from the current Rs 15,000 per month to Rs 25,000. This move could bring more workers under the social security net, ensuring a larger portion of employees contribute to and benefit from the EPF system. If approved, the proposal may … Read more
When people change jobs, their PF accounts often get scattered. If old PF details are not shared with the new employer, a fresh PF account is created. Over time, one person may end up with multiple PF accounts, and their savings remain spread out. EPFO 3.0 has now made this problem much easier to solve. … Read more
The Employees’ Provident Fund Organisation (EPFO) is gearing up for a major overhaul called EPFO 3.0, aimed at making retirement fund services faster, more accessible, and more modern. This transformation will affect crores of members, introducing a new portal, updated backend software, and AI-powered language tools to communicate in regional languages. According to a government … Read more