EPFO Scheme: The new amnesty scheme of EPFO ​​will be applicable for only 6 months! See who will benefit and how?

• EPFO’s new amnesty scheme!
• Valid for 6 months only
• Who will benefit and how?

EPFO Scheme: The Employees Provident Fund Organization i.e. EPFO ​​has provided significant relief to companies running private PF trusts. EPFO has launched a one-time relief scheme ‘Mafi Yojana-2026’ for such institutions. This scheme is for companies, which operate their own PF trusts i.e. exempted PF trusts, but do not have the required exemption formal notification from the government. What exactly is the plan”text-align: justify;”> Sukanya Samriddhi Yojna: Girl’s marriage worries solved! Deposit ‘so much’ rupees every month, the scheme will get a fund of 70 lakhs

According to EPFO, eligible organizations will get relief under this scheme with retrospective effect. This will restore the trust’s recognition and, in many cases, is likely to provide relief from overdue payments, damages, interest and even pending legal proceedings. But for this the employees must have earned PF contribution and interest as per the prescribed norms or better than the prescribed rates.

What is an Exempted Provident Fund Trust?

Some large companies, with special permission from the government, manage their employees’ provident funds through their own internal trusts. These are called Exempted PF Trusts. These trusts collect monthly contributions from the employees and the company and pay interest on the deposits as decided by the government.

Who will benefit from the scheme?

This scheme is applicable to two types of organizations. The first category includes organizations that wish to continue as exempt PF trusts. The second category includes organizations that wish to operate as exempt PF trusts. EPFO has appealed to all employers, PF Trust Management Institutions and other stakeholders to take advantage of this one-time opportunity to regularize their trust status within the prescribed time frame.

What exactly does EPFO ​​do?

EPFO (Employees’ Provident Fund Organisation) is a statutory body under the Ministry of Labor and Employment, Government of India. This organization administers retirement savings and social security schemes for salaried employees in India.

Petrol Price: Important update regarding Petrol-Diesel! Rates increased by 40% in Pakistan-Bangladesh, India too now…