INCOME TAX19 Sept 2026
EPFO: What is scheme certificate? Eligibility and requirement explained | Mint
On 16 September, the government approved raising the EPF wage ceiling to ₹15,000 from ₹10,000 — the first hike in 12 years. Salaried provident fund members under the Employees' Pension Scheme (EPS) are affected. Since employer and government contributions depend on that ceiling, your final pension corpus should grow. If you have over 10 years of service, submit Form 10C to keep pension benefits.
Key Statutory Highlights
- Provident fund members with an account for over 10 years get pension benefits, and 8.33% of the employer's 12% contribution goes to the EPS account.
- You can withdraw your full PF amount and still stay in the pension scheme by submitting Form 10C and getting a Scheme Certificate.
- The Centre on 16 September approved raising the EPF wage ceiling to ₹15,000 from ₹10,000, the first such hike in 12 years.
Actionable Advice for Taxpayers / Founders:If you are switching jobs or nearing retirement, consider submitting Form 10C for a Scheme Certificate so your earlier pensionable service stays linked to your new employer. Please confirm your eligibility with your employer's EPF office or a certified expert before filing.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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