EPFO Implements Key Changes for Provident Fund Subscribers in 2026
EPFO updates: Key changes and new rules for employees' provident fund subscribers in 2026
Mint
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The Employees' Provident Fund Organisation (EPFO) has introduced significant changes including the replacement of Forms 15G and 15H with a unified Form 121, effective April 1, 2026. Additionally, a new portal named E-PRAAPTI will help members trace inactive PF accounts, and discussions are ongoing to increase the minimum pension under the Employees’ Pension Scheme (EPS-95) from ₹1,000.
- 01Unified Form 121 replaces Forms 15G and 15H for TDS exemption claims.
- 02E-PRAAPTI portal will help members trace and reactivate dormant PF accounts.
- 03Minimum pension under EPS-95 may increase from ₹1,000 amid ongoing discussions.
- 04The proposed pension hike aims to meet basic living expenses for retirees.
- 05The changes align with the rollout of the Income Tax Act, 2025.
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The Employees' Provident Fund Organisation (EPFO) has rolled out significant updates for provident fund subscribers, effective April 1, 2026. Notably, Forms 15G and 15H have been replaced by a unified Form 121, simplifying the process for claiming tax deductions on EPF withdrawals and interest income. This change is part of a broader compliance mechanism introduced under the Income Tax Act, 2025. Additionally, EPFO plans to launch the E-PRAAPTI portal, which will allow members to trace and reactivate inactive or dormant PF accounts using Aadhaar-based authentication. This initiative aims to enhance digital services and reduce manual processes. Furthermore, discussions are underway regarding a potential increase in the minimum pension under the Employees’ Pension Scheme (EPS-95) from the current ₹1,000. Labour unions are advocating for an increase to ₹7,500, citing the inadequacy of the current amount for basic living expenses. The proposal has garnered institutional support, with a parliamentary committee recommending an upward revision to bolster social security for retirees.
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These changes will streamline the process for provident fund subscribers, making it easier to manage their accounts and claim benefits. The potential increase in the minimum pension could significantly enhance the financial security of retirees, impacting their quality of life.
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