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Retirement fund body Employees' Provident Fund Organisation has invited applications for an amnesty scheme from provident fund trusts to regularise their status. Employers, stakeholders and the general public are advised to take note of the scheme, which will remain open for six months, a labour ministry statement said. The Employees' Provident Fund Organisation (EPFO), under the Ministry of Labour & Employment, has introduced the Amnesty Scheme, 2026, providing a one-time opportunity for establishments operating exempted Provident Fund (PF) Trusts recognised under the Income Tax Act, 1961, to regularise their status, it stated. The Finance Act, 2026, has aligned the Income Tax framework governing recognised provident funds with the statutory and administrative provisions of the Employees' Provident Fund & Misc Provisions Act, 1952. Recognition under the Income Tax Act, 2025, will be available only to provident funds that have obtained exemption under Section 17 of the ...
The government has ratified 8.25 per cent rate of interest on employees' provident fund (EPF) deposits for 2025-26, which is likely to be credited to over seven crore contributing members this month, a source said on Thursday. EPFO provides the rate of interest on EPF after it gets ratified by the government through the finance ministry. The source told PTI that the finance ministry has given its concurrence to 8.25 per cent rate of interest fixed by Central Board of Trustees (CBT), the apex decision making body of the Employees' Provident Fund Organisation (EPFO). Earlier on March 2, 2026, the CBT in a meeting chaired by the Union Labour Minister Mansukh Mandaviya had decided to fix 8.25 per cent rate of interest for the financial year 2025-26, marking the third consecutive year this rate has been maintained. Thereafter the proposal was sent to the finance ministry for concurrence as the guarantor of the EPF is the Government of India. The source said that the finance ministry ha