The Employees’ Provident Fund Organisation (EPFO) has taken a significant step towards digitalization by introducing a new process for subscribers who wish to contribute to their provident fund beyond the statutory limit. This initiative, aimed at streamlining the procedure, requires subscribers to submit a joint request for permission under the EPF Scheme, 1952, as outlined in Paragraph 26(6).
During its 234th meeting on October 31, 2023, the Central Board of Trustees (CBT) approved a standardized format for these Joint Requests, marking a move towards digital filings and processing for all new cases. This change, detailed in an EPFO circular dated January 30, 2024, is designed to improve efficiency and minimize paper use.
Eligibility for using this new digital format is specific to cases where an employer has already paid administrative charges on an employee’s contribution that exceeds the statutory limit, and the employee has made such contributions but has either left their job or passed away before October 31, 2023. This measure aims to simplify the process and avoid complications for all parties involved.
However, existing members who are already contributing above the statutory limit, with their employers paying the necessary administrative charges, are not required to immediately adopt the new format for Joint Requests. This exemption is strictly for cases under Para 26(6) of the EPF Scheme, 1952, ensuring a smooth transition to the digital process for enhanced provident fund contributions.
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