EPFO may extend PF benefits to self-employed, gig workers under universal scheme
EPFO is developing a voluntary provident fund scheme for self-employed, gig, and unorganised sector workers.
The proposed universal PF scheme would allow voluntary contributions with flexibility on frequency (daily to annual) and earn annual interest.
Annual contributions up to ₹2.5 lakh and interest may be tax-exempt, similar to existing EPF benefits.
EPFO may introduce a systematic withdrawal plan (SWP)-like option at retirement, allowing gradual withdrawals instead of lump sum.
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