12 May 2016

India launches drive for consolidated Provident Fund accounts

The Employees' Provident Fund Organisation (EPFO) launched an initiative on May 1, to encourage Provident Fund members to consolidate their accounts. Special tools have been developed to allow members to consolidate all accounts from current and past employments into a single account that can then be managed online.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-0855

Document ID: 2016-0855