New Delhi, July 11: 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.
Employers, stakeholders and the general public are advised to take note of the scheme, which will remain open for a period of six months. The Finance Act, 2026 has aligned the Income Tax framework governing recognized provident funds with the statutory and administrative provisions of Employees' Provident Fund & Misc. Provisions Act, 1952.
Recognition under the Income Tax Act, 2025 shall be available only to provident funds that have obtained exemption under Section 17 of Employees' Provident Fund & Misc. Provisions Act, 1952.
Amnesty shall be granted to such establishments retrospectively under Section 17 of the Act and Section 143 of the Code on Social Security, 2020.
Application of Amnesty Scheme This Scheme applies to establishments that have been operating a Provident Fund Trust recognized under the Income Tax Act, 1961, but do not possess a formal exemption notification from the appropriate Government - Central Government or State Government, as the case may be. Validity of Scheme.
More details can be downloaded from website of EPFO
|