India's new EPF Scheme, 2026, replacing the 1952 version, maintains core features like contribution rates and protected balances. It introduces clarifications on voluntary contributions, withdrawal rules, and digital processes, aiming for a modernized, flexible framework.
India's new EPF Scheme, 2026, under the Code on Social Security, 2020, replaces the 1952 version, offering continuity and enhanced flexibility for salaried employees. Key changes include greater flexibility in voluntary contributions, continued support for life events through partial withdrawals, and stronger protections for contract workers.
India's Ministry of Labour and Employment has introduced the Employees' Provident Funds Scheme, 2026, replacing the 1952 version. The new scheme modernizes the provident fund framework with digitalization and simplified processes, while also updating contribution, benefit, and compliance rules. Key changes include simplified partial withdrawal rules for employees and new compliance requirements for employers.
The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under India's Social Security Code, 2020. While contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts, with the government gaining power to temporarily reduce contributions during emergencies.
The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under India's Social Security Code, 2020. While contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts, with the government gaining power to temporarily reduce contributions during emergencies.
