INCOME TAX19 Oct 2026
New EPFO members need a financial literacy course for ₹15,000
First-time EPFO members can get up to ₹15,000 under the Pradhan Mantri Viksit Bharat Rozgar Yojana, but the second instalment needs more than service time. The first ₹7,500 comes after six months of continuous work, the second after 12 months. To get that second payment, the worker must also finish a prescribed financial literacy course. Workers who skip the course may not get the remaining benefit.
Key Statutory Highlights
- An employee must not have contributed to EPF, through EPFO or an exempted trust, before 1 August 2025 to count as a first-time member.
- The job must start between 1 August 2025 and 31 July 2027, with monthly gross salary of ₹1 lakh or less.
- Payment goes by direct benefit transfer, so the worker needs Indian residency, Aadhaar and a bank account linked to it.
Actionable Advice for Taxpayers / Founders:Check the EPFO Member Portal for the financial literacy course instructions, and make sure your Universal Account Number, Aadhaar details and bank information are accurate.
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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