TaxTMI 
TaxTMI 
Employees’ Provident Funds Scheme, 2026
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....any other law for the time being in force, employing such number of employees as specified in the First Schedule to the Code and whose employees are not entitled to the benefits of contributory provident fund or old age pension in accordance with any scheme or rules framed under that law. 2. Definitions .- (1) In this Scheme, unless the context otherwise requires: - (a) "authorised signatory" means an employee of the establishment concerned legally empowered by the employer of an establishment to sign any return or document on behalf of the employer or the establishment, as the case may be and such actions shall be legally binding on the employer as well as the establishment; (b) "board of trustee" means the legal entity consisting of the Chairperson and members of the trust constituted under sub- section (5) of section 143 of the Code; (c) "child" means the legitimate child and includes adopted child, if the Commissioner is satisfied that adoption of a child is legally recognized under the personal law of the member; (d) "Code" means the Code on Social Security, 2020; (e) "Commissioner " means a Commissioner for Employees' Provid....
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.... a person has been named as the manager of the factory, the person so named; (iii) in a mine, the owner or agent of the mire; (iv) in relation to any other establishment, any person who has the ultimate control over affairs of the establishment. (m) "Repealed Act" means the Employees' Provident & Miscellaneous Provisions Act, 1952 (19 of 1952); (n) "Scheme" means the Employees Provident Funds Scheme framed under section 15 of the Code; (o) "SEBI" means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) (p) "trustee" means a member of the "board of trustees; and (q) "Universal Account Number" (UAN) means an identity number allotted to an employee on a permanent basis in the form and manner specified by the Central Provident Fund Commissioner. (2) All the other words and expressions used and not defined in this Scheme, but defined in the Code, shall have the same meanings respectively as assigned to them in the Code and rules framed thereunder. CHAPTER II OFFICERS OF CENTRAL BOARD 3. Central Provident Fund Commissioner....
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.... comes into force in such establishment or from the date of joining the establishment, whichever is later. (3) Every excluded employee or an exempted employee shall become a member of this Fund forthwith on ceasing to be an excluded employee or an exempted employee. (4) Notwithstanding anything contained in this paragraph, any employee and his employer may jointly opt in writing, to enrol such employee as a member or allow him to contribute on such wages exceeding wage ceiling limit and thereupon such employee shall be entitled to the benefits and be subject to the conditions of the Fund: Provided that the employer shall pay the administrative charges and comply with all statutory provisions in respect of such employee. (5) Every International Worker,- (i) who was a member of the Employees' Provident Fund Scheme, 1952 shall be a member of this Scheme; (ii) employed in or in connection with the work of an establishment to which this Scheme applies shall be entitled and required to become a member of this Scheme in such establishment or from the date of joining the establishment, whichever is later; (iii) excluded emp....
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....or required to become or continue as a member, or as regards the date from which the worker is so entitled or required to become a member, the same shall be referred to the Regional Provident Fund Commissioner, who shall decide the matter after giving opportunity of hearing to both the employer and the International Worker and such hearing, if any, shall be held in India: Provided that if such dispute involves the question whether an International Worker, working in or in connection with the work of an establishment covered or coverable under the Employees' Provident Fund Scheme, 1952, was entitled or required to become a member of the Fund up to the date of cessation of the said Scheme, the same shall be resolved in accordance with the provisions of the ceased Scheme and shall be treated as membership for benefits under this Scheme. (3) No proceeding under sub-paragraph (1) and (2) shall be initiated after the expiry of the period of five years on which the dispute is alleged to have arisen: Provided that all existing inquiries or hearing under paragraph 26B of the EPF Scheme, 1952 at the time of commencement of this Scheme shall be concluded within two years from the....
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....ay inspection charges at the rate notified by the Central Government. (6) The employees who would have been eligible to become members of the Provident Fund, had the establishment not been granted exemption, shall be enrolled as members. (7) The employer shall transfer contributions payable by the employer and employees to the board of trustees by the 15th of each month following the month for which contributions are due, failing which the employer shall be liable for interest and damages under sections 127 and 128 of the Code. (8) The employer shall bear the expenses of administration of the Provident Fund and make good any loss caused to the Trust Fund. (9) The board of trustees shall declare the rate of interest annually, commensurate with the income earned for the said year, and the same shall not exceed 200 basis points above the rate of interest declared by the Central Government. (10) The interest shall be credited to the account of each member on the monthly running balance of the member and any deficiency shall be made good by the employer. (11) The employer shall circulate the rules of the Fund to the employees electronically, along with a translation th....
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....n of interest. (22) A dematerialised account shall be opened through depository participants approved by the Securities Exchange Board of India. (23) The costs of maintaining the dematerialised account and other investment costs shall be treated as incidental costs of investment by the trust. (24) All investments, including securities and bonds shall be lodged with depository participants approved by the Securities and Exchange Board of India who shall act as custodian and on closure or liquidation of the establishment or cancellation of exemption from this Scheme, employer shall transfer the investments standing in the name of the trust to the concerned Regional Provident Fund Commissioner in cash. (25) The exempted establishment shall intimate to the concerned Regional Provident Fund Commissioner, the details of the depository participants with whom investments are lodged and the board of trustees may raise sums required for obligatory expenses, such as settlement of claims, grant of advances, transfer of accumulations or cancellation of exemption, subject to online intimation to the Regional Provident Fund Commissioner. (26) Any commission, incentive, bonus or oth....
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....al or interest losses shall be recouped within two months from the date of loss or the end of the financial year, whichever is earlier. (36) On cancellation or surrender of exemption, all accumulations, surplus, reserves and employee balance shall be transferred to the Employees' Provident Fund Organisation. (37) Where a merger, demerger, acquisition, sale, amalgamation, or formation of a subsidiary occurs, exemption status shall be governed by the order of the competent legal forumand the employer of the new establishment shall be at liberty to continue exemption or surrender exemption by following the procedure specified by the Central Provident Fund Commissioner. (38) Where more than one unit participates in a common provident fund trust granted exemption, the employers and all trustees shall be jointly and severally liable for any default. (39) The order of exemption shall be initially for a period of three years and renewal of exemption shall be based on application by the employer and the trust and shall normally be automatic, if conditions continue to be satisfied, provided the net worth of the establishment is positive during each of the last three years. ....
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....e involving moral turpitude; (iii) is an undischarged insolvent; or (iv) is an employer of an exempted or un-exempted establishment that has defaulted in payment of any dues under the Code. (8) A person shall cease to be a trustee, if such person- (i) ceases to be an employee of the establishment; (ii) ceases to be a member of the provident fund of the establishment; (iii) represents a union which ceases to be recognised by the employer; or (iv) fails to attend three consecutive meetings of the board without obtaining leave of absence from the Chairperson, unless the Chairperson is satisfied that reasonable grounds existed for such absence. (9) The procedure for election or nomination of trustee, quorum at meetings, records of business transactions and other matters not specifically provided for in this Scheme shall be regulated by the approved provident fund rules of the establishment and by guidelines for the functioning of board of trustees of exempted establishments as may be specified by the Commissioner. (10) Where any dispute or doubt arises, the matter shall be referred to the Regional Provident Fund Commissione....
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....f section 143 of the Code, to the Fund. (3) The employer and the board of trustees shall transfer the accumulations of each employee, together with surplus and reserves, from the exempted fund to the statutory fund under this Scheme, pending issuance of the cancellation order by the appropriate Government and thereupon such exempted employee shall become member of the Fund. (4) No employee or class of employees shall be granted exemption or permitted to opt out of exemption more than once on the same account. (5) No establishment shall be granted exemption or permitted to apply for exemption more than once on same account within a period of ten years. (6) At the time of a subsequent request for exemption, the establishment shall demonstrate compliance with the condition for grant of exemption for a continuous period of three years preceding the date of such request. 17. Transfer of accumulation from existing provident fund. - (1) Every authority in charge of, or entrusted with, the management of, any provident fund whose accumulations are to be transferred to the Fund under this Scheme shall- (i) send to the Commissioner, within twenty-five days of ....
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....titled, having regard to the statement furnished by the authority. CHAPTER V CONTRIBUTIONS AND CHARGES 18. Contributions. - (1) The contribution payable under this paragraph in respect of a member shall comprise of contribution payable by the employer (hereinafter referred to as the employer's contribution) and contribution payable by the employee (hereinafter referred to as the employee's contribution). (2) The employer's contribution, under this Scheme shall be at the rate of twelve per cent of the wages payable to the employee, to whom this Scheme applies and the employees' contribution shall be equal to the employer's contribution in respect of such employee: Provided that the rate of contribution shall be ten per cent in respect of the class of establishments notified by the Central Government in this regard: Provided further that the Central Government, after making such inquiry as it deems fit, may, by notification, specify rates of employees' contributions and the period for which such rates shall apply for any class of employee: Provided also that the Central Government may by order, defer or reduce the employer's contributi....
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....utions made by employee under this paragraph. (3) The employer shall be liable to pay additional administrative charges on such wages, on which voluntary contributions are paid under this paragraph. (4) The employee or employer may at any time, opt to reduce or stop making such additional voluntary contributions. (5) Any voluntary contribution by the employer shall be credited to the Provident Fund. 20. Responsibility for payment of contribution. - (1) The employer shall, in the first instance, pay both the employer's contribution and the employee's contribution, together with administrative charges or other fees or charges payable under this Scheme in respect of an employee directly employed by him or through a contractor [in respect of such establishment, which is not registered independently], within fifteen days of the close of every month in the manner specified by the Central Board. (2) In respect of an employee employed by or through a contractor, [in respect of such establishment, which is not registered independently], the contractor shall recover the contribution payable by such employee and pay to the principal employer, the amount of member's ....
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....ault. - (1) Where any employer makes default- (a) in the payment of any contribution to the Fund, which they are liable to pay in accordance with the provisions of Chapter III of the Code; or (b) in the transfer of accumulations required to be transferred under sub-sections (8) and (9) of section 143 of the Code; or (c) in the payment of any charges payable under the provisions of this scheme or under any of the conditions specified in section 143 of the Code, the Central Provident Fund Commissioner or such other officer as may be authorised by the Central Government may levy an amount and recover from the employer, by way of damages at the rates specified in the Table below, not exceeding the amount of arrears. Sl. No. Period of default Rate of Damages (Percentage of arrears per month) 1 Less than two months 0.25% 2 More than two months and less than four months 0.50% 3 More than four months 1% (2) The damages specified under sub-paragraph (1) shall also apply in case of any default specified under paragraph 32-A of the Employees' Provident Funds Scheme, 1952 with effect from the 14th June, 2024. CHAPTER V....
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....days of close of the month details relating to contributions payable in respect of each employee on the designated portal through Electronic challan-cum-Return in Form-VII and thereafter pay the dues as specified under sub-paragraph 3 of paragraph 28 of this Scheme. (x) An employer of an establishment shall maintain records and registers in the form prescribed by the appropriate Government, electronically or otherwise, containing such particulars and details concerning persons employed, muster roll, wages and other particulars including those listed in clause (a) of section 123 of the Code. (xi) The employer shall make all registers and books of accounts, relating to the details of employees or workers and payments made to them maintained under any other law for the time being in force, available electronically under due authentication or shall provide physical record for verification to Inspector-cum-Facilitator appointed under the Code at the time of inspection of the establishment. (xii) Every employer shall, whenever the Commissioner or any other officer authorised by him on his behalf or an Inspector-cum-Facilitator so requires, produce the records o....
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....e Income Tax Act, 2025 (30 of 2025) and the Universal Account Number. (2) Every person who is required or entitled to become a member of the Fund shall furnish to the Commissioner, particulars concerning his family members including Aadhaar Number, for purpose of nomination on the portal specified for the purpose. (3) Every person who is required or entitled to become a member of the Fund shall furnish particulars of his past employment or membership under the Code or the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 or any other recognised provident Fund on the portal specified for the purpose. 26. Employer to furnish particulars of ownership and authorised signatories. - (1) Every employer of a registered establishment shall, - (i) submit FORM VIII containing details of the branches and departments, and the person/persons having ultimate control over the administration of the branch along with documentary proof for authenticating the identity of such person/persons, who has/have ultimate control over the administration of the establishment; (ii) authorise not more than five persons from amongst the employees of the establishment, ....
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....rtal provided by the EPFO, the compliance in this regard shall be deemed to have been made. 28. Payment of contributions etc. - (1) The employer shall, before paying wages to a member in respect of any period or part of a period for which contributions are payable, deduct the employee's contribution from such wages. (2) The employer shall together with the employee's contribution, pay the employer's contribution and administrative charge of such percentage of wages. (3) The employer shall, within fifteen days of the close of every month, remit the contributions to the Fund through electronic mode of payment authorised for such collection on account of contributions and administrative charges: Provided that the Central Provident Fund Commissioner may for reasons to be recorded in writing, allow any employer or class of employer to deposit the contributions by any other mode: Provided further that in exceptional circumstances, the Central Provident Fund Commissioner, may extend the prescribed time available to the employer to file Returns and deposit contribution and charges through Electronic Challan-cum-Return. 29. Fixation of administrative charges or....
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....r the Employees Provident Funds and Miscellaneous Provisions Act, 1952, shall be transferred to the Fund constituted under sub-paragraph (1). 34. Interest Account. - All interest, rent and other income realised, and net profits or losses, if any, from the sale or investments not including therein the transactions of the Administration Account, shall be credited or debited, as the case may be, to the account called the "Interest Account" and the brokerage and commission of the purchase and sale of securities and other investments, shall be included in the purchase or sale price, as the case may be, and not separately charged to the "Interest Account". 35. Investment of moneys belonging to Employees' Provident Fund. - (1) All moneys belonging to the Fund shall be deposited in the Reserve Bank or the State Bank of India or in such other scheduled banks as may be approved by the Central Government from time to time or shall be invested, subject to such directions as the Central Government may from time to time give, in the securities mentioned or referred to in section 20 of the Indian Trusts Act, 1882 (11 of 1882), provided that such securities are payable both in respect of....
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....the expenditure proposed to be incurred during the following financial year. (2) The budget as approved by the Central Board, shall be submitted for sanction to the Central Government within a month of its being placed before the Central Board. (3) The Central Government may make modifications in the budget as it considers necessary before sanctioning the budget. (4) The Central Provident Fund Commissioner may, at any time during the year, make budgetary re-appropriation of funds sanctioned in the budget by the Central Government: Provided that- (a) the total amount sanctioned in the budget is not exceeded; (b) such re-appropriation shall be made only for meeting expenses of administration to be met from the Administration Account; and (c) every re-appropriation so made shall be reported to the Central Board at its next meeting. (5) The Central Provident Fund Commissioner shall place before the Central Board, a supplementary budget for a financial year, giving detailed estimates and reasons of inescapable expenditure likely to be incurred during the year, for which no provision has been made in the sanctioned budget and which cannot b....
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....the claim from the claimant concerned: Provided that the rate of interest to be allowed on claims for withdrawal of the current year shall be the rate fixed for the financial year in which the withdrawal is authorised. Provided further that the rate of interest to be allowed on claims for withdrawal for the current year shall be the last declared rate on the Employees' Provident Fund and if the rate declared for any current year happens to be less than the previous year's declared rate, then it shall accrue as bonus to the outgoing members and shall be incorporated into calculation for deriving the current year's rate of interest at the end of the year and the claims settled under this proviso shall be final. Explanation. - (a) if an establishment is covered for the first time under the Code during the course of the current year, the interest shall be allowed on all the sums credited to the member's account on and from the first day of the month succeeding the month of credit to the end of the current year; (b) in case of transfer of past accumulations consequent upon cancellation or surrender of exemption and the establishment is....
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....nts are confirmed in accordance with the procedure specified for the purpose: Provided that in case of non-confirmation of the identity of the member of the provident fund account through online mode, the employer shall forward the application for transfer after confirming the identity of the member to the Commissioner. 44. Nomination. - (1) Each member shall make a declaration on the designated portal, a nomination conferring the right to receive the amount that may stand to the credit, in the event of death before the amount standing to credit has become payable, or where the amount has become payable, before payment has been made. (2) A member may in the nomination, distribute the amount standing to the credit in the Fund amongst nominees at the discretion of the member. (3) Where a member has a family at the time of making a nomination, the nomination shall be in favour of one or more persons belonging to the family and any nomination made by such member in favour of a person not belonging to his family shall be invalid: Provided that any nomination made by a member under the Employees' Provident Fund Scheme, 1952, shall be void to the extent, it is inconsist....
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....s been re-assigned in accordance with the first proviso, the Commissioner shall re-assign by the endorsement thereon, the policy to the nominee of the member, if a valid nomination subsists, and if there is no such nominee, to such person, as may be legally entitled to receive it, together with a signed notice of re-assignment addressed to the Life Insurance Corporation. 46. Partial withdrawals from Fund. - (1) The Commissioner may, on an application from a member on the designated portal sanction from the amount standing to the credit of the member in the Fund, a partial withdrawal not less than rupees one thousand for the purposes and subject to the eligibility and frequency specified in sub-paragraphs (2), (3) and (4) and subject to the requirement of maintaining in the member's account, the Minimum Balance. Explanation: For the purposes of this paragraph, (a)"minimum balance" means an amount equivalent to twenty-five per cent of the aggregate of the total contributions made to the Fund to the credit of the member (inclusive of both the employee's and the employer's share and interest thereon) up to the date of such withdrawal, which shall remain to the credit ....
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....ing partial withdrawal under sub-paragraphs (2), (3) and (4) shall be calculated afresh in respect of each member on and from the date of commencement of this Scheme. Explanation .- For the purpose of this paragraph, "Eligible Member Balance" means the amount standing to the credit of the member in the Fund after deducting the Minimum Balance required to be maintained. 47. Computation of period of membership. - In computing the period of membership of the Fund for partial withdrawal, there shall be included- (i) the total service, exclusive of periods of breaks, under the same employer of a factory or establishment before this Scheme applied to them; (ii) the periods of membership of the Fund; (iii) the periods of membership of a private provident fund of exempted factories or establishments; and (iv) the periods of membership as an employee exempted under section 143 of the Code, immediately preceding the current membership of the Fund: Provided that the member has not severed membership by withdrawal of his provident fund during such period. 48. Payment of partial withdrawal, - The payment of any partial withdrawal sanctioned ....
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.... (b) where there is no medical officer in the establishment, the employer shall designate a registered medical practitioner stationed in the vicinity of the establishment; or (c) where the establishment is covered by the Employees' State Insurance Scheme, a medical certificate from a medical officer of the Employees' State Insurance Dispensary with which, or from the Insurance Medical Practitioner with whom, the employee is registered under that Scheme, shall be produced: Provided that where by mutual agreement of employers and employees, a Medical Board exists for any establishment or a group of establishments, a certificate issued by such Medical Board may be accepted for this paragraph: Provided further that it shall be open to the Regional Provident Fund Commissioner to demand from the member, a fresh certificate from a civil surgeon or any doctor acting on his behalf where the original certificate produced gives rise to suspicion regarding its genuineness: Provided also that the fee of the civil surgeon or doctor acting on his behalf shall be paid from the Fund, in case the findings are in agreement with the original certificate an....
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....(a) a spouse; (b) a minor legitimate or adopted son dependent upon the employee; (c) an unmarried daughter who is wholly dependent on the earning of the employee; (d) a child who is infirm by reason of any physical or mental abnormality or injury and is wholly dependent on the earnings of the employee so long as the infirmity continues; (e) dependent parents including father-in-law and mother-in-law of a woman employee; (f) in case the employee is unmarried and his parents are not alive, a minor brother or sister wholly dependent upon the earning of the member; (iii) in any other case to which the provisions of clauses (i) and (ii) do not apply, the whole amount standing to the credit of the deceased member shall be payable to the person legally entitled to it. Explanation. - For the purpose of this paragraph, a posthumous child, if born alive, shall be treated in the same manner as a surviving child born before the death. 51. Payment of Accumulations of funds of International Workers .- (1) An International Worker may withdraw the full amount standing to the credit in the Fund,- (a) on retirement from servi....
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....on of such an offence, the claim of such person to receive the share of provident fund shall remain suspended until the conclusion of the criminal proceedings initiated against him for such offence. (2) Upon the conclusion of the criminal proceedings referred to in sub-paragraph (1), if the person, - (i) is convicted of murdering or abetting the murder of the member, the person shall be debarred from receiving the share of provident fund accumulations, which shall be payable to other eligible members, if any, of the deceased member; or (ii) is acquitted of the charge, the share of the provident fund shall be payable to the person. 53. Payment of Provident Fund. - (1) When the amount standing to the credit of a member becomes payable, it shall be the duty of the Commissioner to make prompt payment under this Scheme. (2) Where there is no nominee in accordance with this Scheme or there is no person entitled to receive such amount, the Commissioner may, if the amount to the credit of the Fund does not exceed ten thousand rupees and if satisfied after enquiry about the title of the claimant, pay such amount to the claimant. (3) Where any portion of the amo....
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....heme. (11) In case of an International Worker, when the amount standing to the credit of a member becomes payable,- (i) It shall be the duty of the Commissioner to make prompt payment as provided in the Scheme. (ii) The due amount in respect of the member and the beneficiary covered under a social security agreement between India and another country, shall be payable in the payees' bank account. (iii) In all the other cases, the amount due shall be payable to the credit of the payee's bank account in India. 54. Filing of claims. - (1) Every member may, at the time of leaving service, subject to provisions contained in this Scheme, file a claim application on the designated portal created for the purpose. (2) In case of non-filing of e-nomination by the member, the employer shall on the death of the member, obtain the claim application from eligible beneficiaries and forward it within five days of the receipt of the application (3) In case the claimant is unable to file claim through the designated portal in online mode due to any technical reasons, the claimant may, forward claim in physical form to the employer, who shall in turn, for....
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....ut in respect of whom no application for withdrawal under this Scheme has been preferred within thirty-six months from the date it becomes payable; or (iii)any amount remitted to a person which is received back undelivered and not claimed within thirty-six months from the date it becomes payable, Provided that in the case of payment of the said balance, the amount shall be paid by debiting the Inoperative Account; Provided further that if any amount becomes due to a member, as a result of supplementary contributions on account of litigation or default by the establishment or a claim which has been settled but is received back undelivered not attributable to the member, shall not be transferred to the Inoperative Account. Chapter-IX ANNUAL REPORT 56. Annual report of Board. - (1) The annual report on the pursuits of the Central Board, together with audited accounts and the report of the Comptroller and Auditor General of India, shall be considered by the Executive Committee and placed for adoption at a meeting of the Central Board to be held before the tenth day of December following the close of the financial year concerned: Provided that if t....
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....that any amount of contribution, cess, interest or damages due to it under this Scheme is irrecoverable, it may, having due regard to the facts and circumstances of each case and the overall financial condition of the Fund, write off such contribution, cess, interest, or damages, as the case may be. ANNEXURE [See paragraph 60] (SPECIAL PROVISIONS) A. Employees' Enrolment Campaign, 2026. - (1) The Employees' Enrolment Campaign, 2026 shall come into force on the date of publication of this Scheme and shall cease to operate on the 31st day of October, 2026. (2) Any employer, whether previously covered or not under the Code, shall be permitted to- (a) apply for coverage; and (b) enrol such employees who joined the establishment between 1st day of April, 2009 and 31st day of March, 2026, who are employed as on date of declaration, but who, for any reason, were not enrolled under the Scheme earlier. (3) The compliance in respect of such declared employees shall commence from the month of such declaration by the employer under this Campaign provided that the employees' share of contribution, has not been previously deducted and kept with the....
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....ragraph 8 of Employees' Pension Scheme, 1995, as the case may be, are pending. (11) The inquiry officer shall take into consideration the declaration made under this Campaign while deciding the matter. (12) In case declaration is given by the employer pertaining to the stipulated period of inquiry, the benefits under this Campaign shall be confined to limiting the damages to the extent of notional damages as provided for under this Campaign in respect of all existing employees, their wages or amount of contributions and duration of their employment so declared. (13) The employer shall deposit contributions in respect of declared employees for past periods from their respective date of joining, that- (a) the employer shall only be required to pay their share, provided the employees' share has not been deducted and kept with the employer; (b) the employees' share shall be waived, if not deducted by employer earlier; (c) the employer shall pay interest for the past period under section 127 of the Code, along with administrative charges, as applicable. (14) The cases of assessments already concluded under section 125 of the Code or und....
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....lid for a period of six months from the date of notification of this Scheme. (3) The duration may be further extended for a period not exceeding six months by Central Provident Fund Commissioner for reasons to be recorded in writing and shall be placed before the Central Board for information. (4) VISHWAS, 2026 shall be applicable for damages for default in payment of contribution for the period prior to 14th June, 2024. (5) VISHWAS, 2026 shall be applicable to following categories of cases under section 14B of the Repealed Act read with paragraph 32A of the Employees' Provident Fund Scheme, 1952 and section 128 of the Code read with paragraph 23 of this Scheme: - (a) where order under section 14B of the Repealed Act or under section 128 of the Code, as the case may be, has been issued and is under dispute before any judicial forum by either party to the dispute; (b) where any order under section 14B of the Repealed Act or under section 128 of the Code, as the case may be, has been issued and amount to be levied is yet to be recovered; (c) where notice under section 14B of the Repealed Act or under section 128 of the Code, as the case ma....
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....nd deposited with the Employees' Provident Fund Organisation shall be considered as valid deposit by the establishment under the Repealed Act and shall be regulated as under: (i) the differential amount between the amount calculated as damages payable under sub-paragraph (7) and the deposited amount under section 7-O of the Repealed Act or under sub-section (3) of section 23 of the Code shall be paid by the establishment; (ii) where the differential amount deposited under section 7-O of the Repealed Act or under sub- section (3) of section 23 of the Code exceeds the amount calculated as damages payable under sub-paragraph (7) is more, the differential excess of amount shall be adjusted first against any other order issued under section 14 B of the Repealed Act or any notice to be issued under section 128 of the Code for any subsequent period of delay in remittances towards the contributions payable by the establishment. (11) The Central Provident Fund Commissioner shall issue operational guidelines. C. AMNESTY, 2026 .- (1) The provisions relating to exempted establishments shall be called "AMNESTY, 2026". (2) It shall remain valid for a period of six ....
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....r from Provident Fund balances to the Employees' Pension Scheme, 1995 and /or the Employees' Pension Scheme, 2026 shall be allowed in respect of non-excluded employees who are in service as on the cut-off date and who were mandatorily required to become members of Employees' Pension Scheme, 1995, but had not been made a member earlier; (v) the establishment shall not be treated in default merely on the grounds that exemption of the establishment and the Trust did not have a formal approval and notification and there shall be no proceedings for assessment of dues provided that the rate of contributions and interest credited to member accounts are at par or better than the statutory rates: Provided that in case any such proceeding has been pending shall be withdrawn and stand abated; (vi) the establishment shall not be treated in default merely on the grounds that exemption of the establishment and the Trust did not have a formal approval and notification and there shall be no proceedings for assessment of damages and interest carried out provided the rate of contributions and interest credited to member accounts are at par or better than the st....
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....rior to the cut-off date shall be borne by the employer; (v) the establishment shall provide the details of investments made and further transaction, if any, from date of inception of the trust till the cut-off date to Commissioner for verification by such experts or expert agencies, as may be specified by Commissioner; (vi) the establishment shall make good any losses that had arisen in the sale and purchase of securities by the trust and to pay any surcharge or penalty for deviation from the pattern of investment; (vii)any liability arising out of any short comings and / or irregularities noticed in the management of accounts and handling of funds and investments in the course of Audits and Compliance Audit of the trust shall be borne by the employer; (viii) the establishment shall ensure that transfer of corpus from Trust to the Fund is carried out in the manner and in the time frame communicated to them by the Commissioner, if not already done; (ix) the establishment shall render full co-operation and assistance by production of records of the Trust and Establishment on demand by the EPF authorities; (x) the establishment sh....
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....loyees of un-exempted establishments and the deficiency in interest or the contributions shall be borne by the employer; (ii) the provisions of paragraph ......... shall apply in cases of levy of damages by way of penalty under section 14B of the Repealed Act and the Employees' Provident Funds Scheme, 1952; (iii) the provisions of paragraph ...... shall be applicable on such establishments in cases of evasion in membership; (iv) the membership to the Employees' Pension Scheme, 1995 from a retrospective date shall not be permissible under this scheme except in eligible cases under the Employees' Pension Scheme, 1995: Provided that diversion of funds from the employer's Provident Fund share to the Employees' Pension Fund, 1995 and / or the Employees' Pension Scheme, 2026 shall be allowed in such cases; (v) the establishment shall update KYC requirements of the employees of the establishments participating in the Trust. (11) Issuance of order: The appropriate Government shall issue final orders regarding admissibility of the Amnesty, 2026 within six months of receipt of application in complete form. FORM-I [....
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.... Data entry iii. issued by Selection from a drop down list iv. Relaxation with effect from Data entry v. Notification number Data entry Mandatory field. vi. Notification date Data entry Mandatory fields. vii. Issued By Selection from a drop down list viii. Notification with effect from Data entry I. In case of exemption under paragraph 27, Order number These fields will appear if the section under SL H is paragraph 27. The employer is required to enter the first order granting exemption to a member. i. Order date Data entry These fields will appear if the section under SL H is paragraph 27. The employer is required to enter the first order granting exemption to a member. Link shows the list of separate code/sub code which is updated in Form 5A. ii. With effect from Data entry iii. Issued by J. Branches having separate/sub- code Click here link The employer is also required to list out all its branches located at places other than the establishment and not having any separate or sub code nu....
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....m other participating units also. M. Details of establishment having the parent trust (In case L is common PF Trust) The fields will be as follows: In case the establishment that is filling the return enters own code number as the Establishment handling the Trust, it will be able to enter the details in Part E and F. In case the Trust is handled by another code and the establishment filing the unit, he will be able to view the data in Part E and F if entered by the Parent Trust. A link to view the compliance by the Branch post March 2012 will also appear. There will be facility to add row for more branches. N. Details of Chairman Following fields will be there Name Data entry Aadhaar/PAN/UAN of Chairman Data entry Designation Data entry O. Details of representatives Following fields will be there The details of the representatives from the establishment which is filling the return may be entered. Name Data entry Aadhaar/PAN/UAN of the representative Data entry Designation Data entry ....
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....e number of employees as on close of previous month is automatically displayed. B. Number of employees who joined in the current month Data entry C. Number of employees who left during the current month Data entry Sum of (A+B+C) All types of employees are included. D. Number of employees as at the end of current month Display E. Number of excluded employees out of D above Data entry F. Number of employees for whom establishment has to comply Display F=A+B-E G. Contract employee details Complying under trust Data entry Complying as unexempted under another code of establishment Complying through respective code of contractor H. Employees on direct payroll of establishment As exempted employee Data entry The sum of G and H should be equal to F. As unexempted employee I. Number of International Workers Data entry J. Number of disabled workers Data entry K. Number of inoperative accounts L. Total amount of PF balance in inoperative accounts ....
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....TMENT DETAILS (MONTHLY PART by PARENT TRUST ONLY) Sl. No. Field name Field type Remarks A. Securities Auto display Display the face value of opening balance after data entry in the first return through link (securities). In subsequent month, auto display Details of securities Data entry Unique attributes of Securities including ISIN etc. B. Cash Data entry One time data entry C. Total Auto display It will display the amount by adding securities and cash i.e.(A+B) RECEIPTS D. PF Contribution Data entry E. Refunds (loans and advances) Data entry F. Transfer in Data entry G. Other receipts Data entry H. Recoup by employer in For capital loss on investment Data entry I. Case of loss by trust For revenue loss on account of interest shortfall Data entry Return from Investments: J. Interest Previous due Data entry One-time data entry. On next month it will be automatically displayed. K. Receivable in the current month Data entry L. Receivable in the current mo....
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....alance Closing Balance %age of types of securities Deviation %age of investments Remarks Sl. No. Data Entry Face value Face value Face value Deal value Accrued Interest Paid Accrued Interest Received Face value a b c d e f g h i The face value of closing balance is auto display the amount by using the formula face value of opening balance- face value of mature + face value of investment i.e. (CD+E) 1. Central Government security item (i) of the notification One time data Data entry Data entry Data entry Data entry Data entry Auto display 2. State Government securities/SOL item (II) (a) of the notification One time data Data entry Data entry Data entry Data entry Data entry Auto display 3. Central/State Government guaranteed securities Item (ii) (b) of the notification One time data Data entry Data entry Data entry Data entry Data entry Auto display 4. Bonds/ Securities of Public Financial Institution item (iii) (a) of th....
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....a entry Data entry Data entry Data entry Data entry Data entry Auto display 17. Category (11)(b)Basellll Tier 1Bonds One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 18. Category (ii)(c)Rupee Bonds of IBRD, IFC and ADB One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 19. Category (ii)(d)Term Deposit Receipts (TDRs)not less than one year duration. One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 20. Category (ii) (e)Debt Mutual Funds One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 21. Category (ii) (f) Infrastructure debt. Instruments One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 22. Category (iii) (b) Category (iii) (b) Liquid Mutual Fund Data entry ....
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.... Transact ion date Value date TT IS N Code Face Value Purchase Price Accrued interest YTM Maturity Date Remarks- Description of security category Cost Ref- Fund manager Two more hyperlinks from Part E 1. Regarding the claim settlements in the establishment and on the grievance redressal. The pop up screen will ask each month the following data. Sl. No. Data field CLAIMS 1. Opening Balance of Claims One time data entry 2. Claims received in the month Data entry 3. Total claims workload in the month Display 1 plus 2 4. Claims disposed within 20 days Data entry 5. % of claims settled in the month within 20 days Display 4 *100/3 6. Claims disposed beyond 20 days Data entry 7. % of claims settled in the month beyond 20 days Display 6* 100/3 8. No of claims pending Display 3 - 4-6 Will carry as OB to next month 9. ....
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....ncial Year Data entry IV. Amortization Account of trust Q. Opening Balance Addition/Reduction during the year Closing balance #Reduction to be entered in(-) V. Maturity In Defaults R. Default of Security Data entry S. ISIN Data entry T. Face Value Data entry U. Deal value at the time of purchase Data entry V. Amount Receivable Data entry W. Amount Received Data entry X. Amount in default Data entry Total =(e-f) VI. Interest In Defaults Y. Default of Security Data entry Z. ISIN Data entry ZA. Interest receivable Data entry ZB. Interest Received Data entry ZC. Interest in Default Data entry Total =(c-d) To be signed digitally by employer/authorised signatory Form -III [See Paragraph 13(3)] (Minutes of the meeting of board of trustees) 1. (a) Name & Code Number of the establishment: (b) Address of the estab....
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..... (Name, PAN & EPF Code no of the Establishment) (,and the board of trustees of .......................... (Name of the PF Trust) including their successors and assignees or such conditions as may be specified later for continuation of exemption. We, also undertake to transfer the funds promptly within the time limit prescribed from time to time and as directed by the Regional Provident Fund Commissioner in the event of cancellation of exemption. We, the employer and the board of trustees also undertake to transfer the funds promptly within the time limit prescribed by the concerned RPFC in the event of cancellation of exemption, failing which provisions of sections 127 and 128 of the Code shall apply. (SIGNATURE) (NAME.........................) Aadhaar No .-_________ PAN_________ UAN_________ EMPLOYER/CHAIRMAN OF THE TRUST (SIGNATURE) (NAME.........................) Aadhaar No .-_________ PAN_________ UAN_________ ALL MEMBERS OF BOARD OF TRUSTEES FORM-V [See paragraph 24(1) of THE EMPLOYEES' PROVIDENT FUNDS SCHEME, 2026] [See paragraph 18(1) of THE EMPLOYEES' PENSION SCHEME, 2026] [See paragraph 11(1) of THE EMPLOYEES D....
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....sp; Document chosen as identity proof of Responsible Person : PART-B PARTICULARS OF LESSEE S.No. Name Aadhaar number Gender DIN PAN Date of birth Bank Account no & IFS Code Address Mobile, email Date of lease Document chosen as identity proof of lease : PART-C All BANK DETAILS OF ESTABLISHMENT SPECIFIED IN PART-A S. No. Name of the establishment Name of bank Address of the branch IFSC Code Account number Type of account DECLARATION 1. I hereby declare that the information furnished herein is true to the best of my knowledge and belief. 2. I hereby give my consent to Employees' Provident Fund Organisation to use my Aadhaar information for the purpose indicated above. Signature of employer:___________________ Name of employer: :___________________ Designation ....
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....nbsp; PARTICULARS OF PERSON WHO HAVE ULTIMATE CONTROL OVER AFFAIRS OF BRANCH (Separate entry for each branch) No. Branch name EPF Code number of the branch Name of responsible person Gender Date of birth Father's name Aadhaar number DIN PAN Address* Mobile email Designation of the responsible person Date of incumbency of the responsible person * Any one of the documents having address of the responsible person: Aadhaar/ DIN/Electricity bill/Gas bill/Rent or Lease agreement PARTICULARS OF LESSEE (Separate entry for each branch) Sl. No. Branch name EPF Code number of the branch Name Gender Date of birth Father's name Aadhaar number DIN PAN Address* Mobile email Date of commencement of lease ....
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....th PIN) 6. Constitution Proprietorship / Partnership / Company / LLP / Trust / Society / Govt. / PSU 7. NIC Code 8. Nature of business / industry 9. Date of Coverage DD/MM/YYYY PART-B: Declaration of number of employees 1. No. of direct employees 2. No. of Contract Workers PART C- DECLARATION OF CONTRACTORS ENGAGED SI. No. Name of contractor PAN Contractor EPF Code (if any) Nature of work Contract period (From- To) Number of workers Contract amount Form X received (Y/N) 1. 2. 3. DECLARATION: I---------------- (Name and designation of employer/authorised signatory) declare that the information furnished above is true and co....