EPFO Welcomes Rationalization of Income Tax Regime for PF

Employees’ Provident Fund Organisation (EPFO) has welcomed the Union Budget 2026-27 proposal to rationalise the income tax regime for recognised provident funds, aligning it with EPF laws to reduce confusion and litigation. The changes harmonise eligibility for exemption, investment norms, and employer contribution limits under the Income Tax Act with the Employees’ Provident Funds Act, offering clarity and consistency for private PF trusts and stakeholders. This rationalisation removes divergent rules, simplifies compliance, and ensures EPFO’s statutory framework is uniformly applied across PF schemes.
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