Epfo Simplifies Pf Transfers With Revamped Form 13, Floats Bulk Uan Allotment Without Aadhaar Seeding; Details Here

In a awesome betterment aimed astatine simplifying provident money (PF) transfers, nan Employees’ Provident Fund Organisation (EPFO) has revamped nan Form 13 package functionality, a move expected to use complete 1.25 crore members.

Effective from January 2025, nan EPFO has eliminated nan request for employer support successful astir transportation cases. This has importantly streamlined nan PF transportation process erstwhile labor move jobs.

Also, pinch nan preamble of a revamped Form 13 software, EPFO has eliminated nan request for support of PF transportation claims astatine nan destination office. This update is portion of nan organisation's broader effort to make PF relationship guidance much user-friendly. Once a transportation declare is approved by nan root office, nan PF magnitude will now beryllium automatically credited to nan employee's relationship astatine nan destination office. This alteration is expected to drastically trim nan clip taken for PF transfers, frankincense contributing to nan government's inaugural to easiness nan procedural load connected Indian workers. 

Alongside nan process simplification, nan revamped package functionality provides a breakdown of taxable and non-taxable PF components, which will assistance successful nan precise calculation of Tax Deducted astatine Source (TDS) connected liking income. This measurement is important successful ensuring compliance pinch taxation regulations while promoting transparency.

Previously, transferring a PF equilibrium required coordination betwixt nan root and destination EPFO offices, often starring to sizeable delays. Under nan caller system, erstwhile a transportation declare is approved by nan root office, nan member’s aged PF relationship will automatically merge pinch nan caller 1 astatine nan destination office, reducing processing times and improving efficiency.

Additionally, nan upgraded strategy now separates taxable and non-taxable components of PF savings. This bifurcation will thief guarantee meticulous TDS deductions connected liking earnings, addressing a long-standing symptom constituent for members.

The EPFO estimates that nan revamped process will alteration yearly money transfers worthy astir Rs 90,000 crore. 

In different notable move, nan EPFO has introduced a caller installation allowing bulk procreation of Universal Account Numbers (UANs) for labor without nan contiguous request of Aadhaar seeding, offering greater elasticity to employers.

The EPFO has introduced a caller characteristic that allows employers to effortlessly make Universal Account Numbers (UANs) successful bulk without nan request of Aad seeding. This characteristic will beryllium beneficial for members who person accumulated costs done exempted trusts aft nan cancellation of exemptions aliases during betterment processes.

A caller package functionality has been implemented successful section offices to make UANs utilizing existing personnel data. These efforts purpose to simplify validation processes, facilitate automatic colony of claims, and alteration issues related to PF relationship guidance and money crediting.

“However, arsenic a measurement of consequence mitigation to protect nan PF accumulations, each specified UANs would beryllium kept successful a stiff authorities and subsequently made operational only aft nan seeding of Aadhaar,” an charismatic connection read.
 

Published on: Apr 25, 2025 5:48 PM IST