PREVIOUS
✖
Vishwas Scheme
October 17 , 2025
2 days
73
0
- The Vishwas scheme aims to reduce litigation related to Employees’ Provident Fund (EPF) dues.
- It rationalizes penal damages by setting a flat rate of 1% per month.
- The scheme includes a graded rate of 0.25% for defaults up to two months and 0.50% for defaults up to four months.
- It covers ongoing cases under Section 14B, finalized but unpaid orders, and pre-adjudication cases.
- The scheme is valid for six months and can be extended by another six months.
Leave a Reply
Your Comment is awaiting moderation.