LatestCorporate Compliance 1 July 2026
New EPF Scheme 2026 Notified
The new EPF scheme has been notified as part of the Code on Social Security, marking a major step in aligning India's provident fund system with the Code. The wage ceiling will be restricted to the wage ceiling amount, and this change is expected to have a significant impact on the country's social security landscape, affecting the way employees and employers contribute to the provident fund.
The new EPF scheme has been notified as part of the Code on Social Security. *Key highlights* of the scheme include:
- The wage ceiling will be restricted to the wage ceiling amount.
- This change marks a major step in aligning India's provident fund system with the Code.
The new scheme is expected to have a significant impact on the country's social security landscape, affecting the way employees and employers contribute to the provident fund.
*Benefits* of the new scheme include:
- Simplified contribution process
- Increased transparency
- Better alignment with international social security standards
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