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 ^1[trustees]" 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' P....
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....ry, the owner or occupier of the factory and where 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 (m) "Repealed Act" means the Employees' ^3[Provident Funds and] Miscellaneous Provisions Act, 1952 (19 of 1952); (n) "Scheme" means the ^4[Employees'] Provident Funds Scheme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. CHAP....
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....shment, to which this Scheme applies, is entitled and required to become a member of the Fund from the day this Scheme 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 ^8[member or was required to be a member of the Employees' Provident Funds 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 requ....
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.... membership of the ceased Scheme for such period. (2) In case of International Worker, any question which arises whether an International Worker is entitled 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 ^12[Funds] 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....
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....nditions specified in the notification granting exemption and any contravention shall attract penalties provided under section 133 of the Code. (5) The employer shall pay 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....
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....d Commissioner. (20) The securities shall be obtained in the name of the trust and shall be in the dematerialised form. (21) A scrip-wise register shall be maintained to ensure timely realisation 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 clai....
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....elled in the event of closure or liquidation of the establishment. (35) Any loss to the trust due to fraud, defalcation, or wrong investment decisions shall be made good by the employer and ^14[scrip wise losses of principal and interest] 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 ^15[forum and] 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 ex....
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.... the trustee in whose place the election or nomination was made. (7) A person shall be disqualified from being a trustee, if such person- (i) is declared to be of unsound mind by a competent court; (ii) has been convicted of an offence 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 ....
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....n: Provided that the Regional Provident Fund Commissioner may permit the employer and the board of trustees to transfer accumulation of each employee, together with past accumulations, surplus and reserves from the fund referred to in sub-section (5) of 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 providen....
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....) shall be deposited in the bank account of the Central Board. (4) The accumulations transferred to the Fund in accordance with this paragraph shall be credited to the account of each of the members of the Fund to the extent to which he may be entitled, 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 dee....
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....l voluntary contributions shall not exceed wages after such deductions as permitted under sub-section 2 of section 18 of the ^20[Code on Wages, 2019]. (2) The employer may if he so desires, make a matching contribution on such employees' voluntary contribution; however the employer shall be under no obligation to match the additional voluntary contributions 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 fifte....
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....htly basis shall be totalled to indicate the monthly deductions. (3) Any sum deducted by an employer or a contractor from the wages of an employee under this Scheme shall be deemed to have been entrusted to the employer or contractor for the purpose of paying the contribution in respect of which it was deducted. 23. Levy and Recovery of damages for default. - (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) ....
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....e applies shall file such particulars relating to ownership in sub-paragraph (6), within fifteen days of such change on the portal specified for the purpose; ^27[(8)] The employer shall display the extract of the ownership return at the entrance of the establishment and on the website; ^28[(9)] The employer shall upload within fifteen 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. ^29[(10)] 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. ^30[(11)] 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 authent....
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....the case may be, particulars concerning himself including Aadhaar Number as defined in clause (a) of section 2 of the Aadhaar (The Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016, an ^34[Aadhar-seeded] Bank account number of any scheduled Bank in India, or Co-operative Bank, the Permanent ^35[Account] Number issued under the 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 ^36[Funds] 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 detai....
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....s of the close of the month, a monthly abstract in FORM XII showing the aggregate amount of recoveries made from the wages of the contractual employee and the aggregate amount contributed by the employer in respect of such members. (5) In the event information as specified in Form- (X), (XI) and (XII) under sub-Paragraph (1),(3) and (4) is made available through a dedicated portal 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 writ....
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....e ^37[charges and fee] as the Fund may be authorised to levy. 33. Provident Fund Account. - (1) A Provident Fund Account shall be established for the purposes of this Scheme into which shall be credited all amounts received as contributions or charges and from which shall be debited all benefits to be paid to the subscribers. (2) All the assets and liabilities of the Provident Fund under 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 R....
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....of India. (2) The charges on account of audit shall be paid out of the Administration Account. 40. Budget. - (1) The Central Provident Fund Commissioner shall, each year before the first fortnight of February, place before the Central Board, a budget showing separately, - (i) the probable receipts from the contributions and from the levy of administrative charges; and (ii) 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....
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.... the end of the current year; (iv) the total amount of interest shall be rounded to the nearest rupee (fifty paise or more to be counted as the next higher rupee). (b) In the case of a claim for the withdrawal under paragraph 49 or paragraph 50 of the Scheme, interest shall be payable up to the date on which the final payment is authorised, irrespective of the date of receipt of 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 ^38[Funds] 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 establ....
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....plies, as the case may be, the employee may apply in the form and manner as the Central Provident Fund Commissioner may specify, for transfer of the balance of the provident fund from the existing account to the Fund. (3) The Commissioner may provide for facilities for the transfer of funds in an automated manner, subject to the condition that the identity of the member and ownership of the provident fund accounts 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 t....
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....nder these policies shall remain payable as per the policy's terms until the maturity or termination: Provided that any inactive life insurance policy that was being financed at the time of commencement of this scheme under the provisions of paragraphs 62 to 67 of the Employees' Provident ^43[Funds] Scheme, 1952,, shall be re- assigned to the member forthwith: Provided further that, in case, the member dies before the policy has 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 t....
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....l membership of the Fund and partial withdrawals from this account shall not exceed two times in a financial year. (5) A member exiting employment before completing twelve months membership shall be eligible to avail the partial withdrawal under this paragraph, subject to the condition that the amount of such withdrawal shall not exceed the Eligible Member Balance on the date of such withdrawal. (6) The permissible number of times for availing 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 peri....
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....nother factory or other establishment not covered under the Code, but is under the same employer; and (c) where a member is discharged and is given retrenchment compensation under the Code on Industrial Relations, 2020 (35 of 2020); Explanation .- For the purpose of clause (ii) of sub-paragraph (1): (a) where an establishment has been closed, the certificate of any registered medical practitioner may be accepted; (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 furth....
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.... to which the nomination relates, shall become payable to the nominee in accordance with such nomination; or (ii) if no nomination subsists or if the nomination relates only to a part of the amount standing to his credit in the Fund, the whole amount or the part thereof to which the nomination does not relate, as the case may be, shall become payable to the members of his family in equal shares in the following manner namely: - (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....
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....to between the Government of India and any other country, accumulations shall be payable on ceasing to be an employee in an establishment covered under the Code. 52. Payment to person charged with offence of murder. - (1) Where a person, who in the event of the death of a member of the fund is eligible to receive provident fund accumulations of the deceased member, is charged with the offence of murdering the member or abetting in the commission 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 ^44[family members or nominee, as the case may be], 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 th....
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....f such person for the amount paid shall be a sufficient discharge thereof. (9) Where it is brought to the notice of the Commissioner that a posthumous child is to be born to the deceased member, the Commissioner shall retain the amount which shall be due to the child in the event of its being born alive and distribute the balance. (10) Where subsequently, no child is born or the child is stillborn, the amount retained shall be distributed in accordance with the provisions of this Scheme. (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....
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....erred to an account to be called the Inoperative Account: (i) supplementary contribution from the employer in respect of leave wages or arrears of pay, instalment of arrear contribution received in respect of a member whose claim has been settled, but which could not be remitted for want of the latest address; or (ii) accumulation in respect of any member, who has retired from service after attaining the age of fifty-five years, or migrated abroad permanently, or died, but 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, sh....
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....fficer authorised by the appropriate Government is satisfied that any establishment or any person has misused benefit specified under this Scheme, then such officer may deprive such establishment or such person, as the case may be, of such benefit for such time as deemed fit: Provided that no such order shall be passed unless an opportunity of being heard is ^45[given to] such establishment or such person, as the case may be. 59. Writing off losses. - Where the Central Board is satisfied 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 ^46[****] (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 coverag....
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....e date of declaration under this Campaign, the employer shall make regular compliance of the provisions of the Code. (10) All establishments are eligible to participate in the Employees' Enrolment Campaign, 2026, irrespective of the fact whether any establishment is facing inquiries under section 125 of the Code or under section 7A of the Repealed Act, paragraph-11 of this Scheme or paragraph 26-B of Employees' Provident Funds Scheme, 1952, paragraph-8 of the Employees' Pension Scheme, 2026 or paragraph 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 th....
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....sioner or such other officer authorised, may levy an amount and recover from the employer by way of damages at the rates specified in the Table under Employees' Enrolment Campaign, 2026: TABLE Period of Default Rate of damages Between the ^49[1st day of April 2009] to the 31st day of March 2026 One hundred rupees under the Employees' Enrolment Campaign-2026 . B. VISHWAS, 2026 .- (1) The special provisions relating to damages shall be called "VISHWAS, 2026". (2) It shall remain valid 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 ^50[Funds] Scheme, 1952 and section 128 of the Code read with paragraph 23....
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.... (ii) where the amount paid in part is lesser than the damages calculated as per sub-paragraph (7), the establishment shall remit the differential amount of the damages calculated as per sub-paragraph (7); (b) pre-deposit under section 7-O of the Repealed Act or section 23 of the Code :- any amount deposited under section 7-O of the Repealed Act or under sub-section (3) of section 23 of the Code for preferring an appeal under section 7-I of the Repealed Act or section 23 of the Code, as the case may be, and 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, th....
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....s proposed by the establishment to comply as an un-exempted establishment; (ii) the period for which the Trust has been operating shall be deemed to satisfy the three-year compliance as un-exempted that is required under the rules pertaining to grant of exemption issued by the Government under the Code; (iii) the minimum requirement for the number of employees and / or corpus required under the rules pertaining to grant of exemption issued by the Government under the Code shall be waived; (iv) transfer 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 accou....
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....lishment shall ensure that the accounts of the Trust including the ledger account of individual members have been audited by a Chartered Accountant as on the cut-off date; (iv) any disputes of membership, contributions and benefits paid in respect of employees who left service in the past and whose accounts were settled by the Trust or claims of service in the past will continue to be handled by the establishment and any liability arising out of any dispute related to services and benefits by employees for the period prior 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 ....
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....plications; (9) Provisions of Amnesty, 2026 for Category- II establishment .- The establishments classified as Category-II, in addition to the conditions specified in ^51[sub-paragraph (7)], shall also comply with the provisions of the Code, the rules framed thereunder and this Scheme. (10) Additional conditions .- The additional conditions for grant of Amnesty are specified as under: (i) the rate of contributions and interest thereon shall not be less favourable than the Provident Fund benefits extended to employees of un-exempted establishments and the deficiency in interest or the contributions shall be borne by the employer; (ii) the provisions of ^52[Vishwas 2026]......... 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 ^53[Employees' Enrolment Campaign, 2026]...... 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 t....
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.... The PAN and the name as per PAN will be verified from the Income Tax Database. E. Name of establishment as per PAN Data entry F. Ownership type Selection from a drop down list Please see Annexure A to view the list. G. Primary activity Selection from a drop down list Please see Annexure B to view the list. H. Exemption under section/para Selection from a drop down list Please see Annexure C to view the list. a. Relaxation order number Data entry Fields for I (i) to (viii) will be displayed. ii. Relaxation order date 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 gra....
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.... Data entry G. District Selection H. State Selection I. PIN Data entry J. Income tax order number recognizing the trust Data entry Please inform if the trust has been recognized by the IT Department. K. Date of income tax trust Data entry - Do - L. Date of income tax order Selection Please select single if the trust is handling the PF Contributions of single establishment (including the branches, not having been granted any separate exemption). Select CPF Trust if the Trust is handling contributions from 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 ....
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....ubsequent entry regarding the single and common PF trust since it will affect the data in the Parts E and F. PARTS C, D and E (MONTHLY PARTS) Parts C and D are to be filled in by all establishments each month. Part E will have to be filled in by the parent trust only each month and the participating units having exemption granted will have the view rights. Part C: (i) Employees Details (Monthly Parts) SI. No. Field Name Field Type Remarks A. Number of employees as on close of previous month Data entry One-time data entry (only in the first return). On the next month the 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 Complyin....
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.... I. Total due Auto display It will display the amount by adding total due amounts i.e. (A+B+E+G) J. Details of transfer of contribution Amount Data entry Click on add row button and fill the amount in case the funds were transferred in parts. Date Selection K. Total amount transferred to BoT Auto display L. Interest paid Data entry Interest paid to trust by the employer for any belated transfer to Trust Damages (Rs.) upto the month............................... Interest (Rs.) upto the month............................... PART E: INVESTMENT 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 ....
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....g the formula (F+G-H). The deal value will be taken. ZC. Cash balance Auto display It will display the amount by using the formula (AA-AB). ZD. % of cash balance against available Auto display It will display the amount by using the formula (AC*lOO/AA). ZE. Reason for uninvested amount Data entry Screen opened through Hyperlink Securities/Matured Amount/Invested Amount INVESTMENT DETAILS SECURITIES: Type of securities including ISIN etc. Opening balance as on first return Matured during The month Invested during the month closing balance 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 ....
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....)Government securities One time data entry Data entry Data entry Data entry Data entry Data entry Auto display Will open only from May 2015 14. Category (i)(b)Other securities One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 15. Category (i)(c)Gilt Mutual Funds One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 16. Category (ii)(a)Listed Debt securities One time data entry Data entry Data entry Data entry Data entry Data entry Auto display 17. Category (11)(b) ^57[Basel III] 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 ye....
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....ata entry Data entry Data entry Data entry Auto display 32. Category (v)(c) ABS regulated by SEBI Data entry Data entry Data entry Data entry Data entry Data entry Auto display 33. Category (v) (d)Units of Infrastructure Investment Trusts regulated by SEBI Data entry Data entry Data entry Data entry Data entry Data entry Auto display 34. Sum Sum Sum Sum Sum Sum Sum Scrip Register: Sl. No. Transaction ID 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 followin....
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....r. Selection K. Whether the interest is on monthly accrual of balance Selection L. Whether the accounts are being maintained electronically Selection M. Whether the members are able to see their Account Balance online. Selection N. Whether the rules of the fund are displayed on a notice board/made available electronically. Selection III. Financial Health of Holdings O. Total Holding of the trust at the end of Financial Year Data entry P. Market value of the holding of trust at the end of financial 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....
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.... DIN of the director; or DIN or PAN/ Aadhaar of the manager or CEO or CFO; or membership number of the company secretary FORM IV [See paragraph 13(27)] CERTIFICATE OF UNDERTAKING To The Regional Provident Fund Commissioner, __________________ Sir, We, the employer, and the board of trustees, undertake to abide by the conditions for grant of exemption under section 143(1) of Code on Social Security, 2020. This shall be legally binding on ........................... (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 l....
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.... Web Address, if any Auto Seeded/Data Entry 16 Establishment classification Auto seeded- Private/Public Sector/Government 17 NIC Code Auto Seeded/Data Entry PART-A PARTICULARS OF OWNERS S. No. Name Date of Birth Gender Father's Name Aadhaar number DIN PAN Address Mobile, email Status/ Designation in establishment The Date from which position held Details of Bank Account/ ISFC 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....
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....Separate entry for each branch) Sl. No. Branch name EPF Code number of the branch Address Branch type (factory/field office etc.) Document in support of branch Date from which the branch is functional Bank details of the branch Any license/certificate/number issued by any Government Authority Bank account number IFS Code Name of the bank branch 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 ....
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....on to use my Aadhaar information for authentication of my identity. Date:_________ Place:_________ Signature of employer: ___________________ Name of employer: ___________________ Designation of employer: ___________________ Seal of the establishment: ___________________ Form X [See paragraph 27(1)] (Registration of principal employer's establishment and declaration of contractors) PART A - ESTABLISHMENT DETAILS (Auto Seeded) 1. Name of establishment 2. EPF Code No. 3. PAN of establishment 10-digit PAN 4. GSTIN 5. Address (with 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- DEC....
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.... Place:________________ Date: ________________ Name: ________________ Designation: ________________ Signature and seal of contractor Form XII [See paragraph 27(4)] Monthly abstract by principal employer (Aggregate recoveries from contract workers and employer's contributions) Name of establishment EPF Code No. Address Month (MM/YYYY) Total contractors engaged Total contract workers CONTRACTOR-WISE ABSTRACT: SI. No. Name of contractor Number of workers Aggregate recovery from employee Aggregate amount payable by the contractor (Rs.) Details of payment by contractor Details of payment by principal employer, in respect of balance dues, if any Extract of Form-XI TRRN Amount TRRN Amount 1. 2. GRAND TOTA....
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....orrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "forumand" 16. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "exemption" 17. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "member" 18. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "sub-paragraph (4) of paragraph 9" 19. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "employer and employee's contribution" 20. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "Code" 21. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "Less than" 22. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "(iii)" 23. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "(iv)" 24. Corrected vide Corrigenda No. G.S.R. 703(E) dated 04-08-2026 before it was read as, "(v)" 25. Corrected vide Corrigenda No....