EPFO Applauds New Income Tax Regime for Provident Funds

The Employees' Provident Fund Organization (EPFO) has expressed appreciation for the recent alignment of the income tax framework concerning recognized provident funds with the statutory and administrative provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. This change comes as part of the Union Budget 2026-2027, aiming to provide clarity and reduce litigation by harmonizing exemption eligibility, investment norms, and employer contribution limits.

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