Get EPS Pension Money In The Shortest Time; EPFO's Special Facility For Employees, Know Detailed Information Employees can now access their EPS pension funds even if they have not completed 10 years of service, thanks to a special facility introduced by the Employees' Pension Scheme (EPS) under the Employees' Provident Fund Organisation (EPFO). The process, which is entirely online, allows eligible workers to claim their accumulated pension amount through Form 10C, with the funds directly transferred to their bank accounts within minutes. This initiative aims to simplify the pension withdrawal process and ensure financial security for workers who may have left their jobs before completing the required service period. Under the EPFO's rules, employees who have worked for less than 10 years can still claim their EPS savings if they meet specific criteria. These include having left their job before completing 10 years of service, being under the age of 58, or transferring their EPS funds to a new employer if they have completed 10 years of service but are under 50 years of age. The facility is also available in cases of unemployment, job changes, or medical emergencies, ensuring that workers can access their savings without delay. To apply for Form 10C, employees must provide essential details such as their Universal Account Number (UAN), Permanent Account Number (PAN), bank account information, and address. Additional documents like a bank reconciliation statement, a scheme certificate, and other supporting papers may be required for verification. The online application process is conducted through the EPFO's unified portal at https://unifiedportalmem.epfindia.gov.in/memberinterface/.#[permanent_account_number](tag:0x11dc05) #universal_account_number #employees_provident_fund_organisation #employees_pension_scheme #form_10c
PAN Rules Updated Effective April 1: Key Changes for Applicants and Financial Transactions Beginning on April 1, the Permanent Account Number (PAN) has undergone significant modifications that affect both the process of obtaining a PAN and its use in financial transactions. These changes were introduced following the Central Board of Direct Taxes (CBDT)’s notification of the Income Tax Rules, 2026, which align with the Income-tax Act, 2025. The revised regulations aim to enhance compliance and simplify documentation requirements for taxpayers. One of the most notable changes is the requirement for additional proof of identity beyond Aadhaar for PAN applications. Starting April 1, applicants must submit documents such as a birth certificate, voter ID, class 10 certificate, passport, or driver’s license in addition to Aadhaar. This adjustment addresses concerns about the reliability of Aadhaar as a standalone verification method. The new PAN application process now uses category-specific forms, replacing the previous generic format. Form No. 93 is designated for Indian citizens, Form No. 94 for Indian organizations and companies, Form No. 95 for foreigners, and Form No. 96 for foreign entities. These forms are tailored to the unique requirements of each category, ensuring clarity and reducing errors in submissions. For individuals applying for a new PAN on or after April 1, the use of these category-specific forms is mandatory. However, applications that were pending as of March 31 will still be accepted under the old rules. This provision allows applicants to complete their submissions without disruption, even as the new system takes effect. The updated regulations also expand the scope of transactions requiring PAN quotation.#income_tax_act_2025 #central_board_of_direct_taxes #permanent_account_number #income_tax_rules_2026 #pan_application_process
