New Delhi, July 1 -- The Centre has notified the Employees' Provident Fund (EPF) Scheme, 2026, replacing the Employees' Provident Fund Scheme, 1952, in a major revamp of India's provident fund framework aimed at enhancing digital compliance, simplifying processes and supporting the implementation of the labour codes.

The new scheme, notified by the Ministry of Labour and Employment on Monday, comes into effect immediately. While retaining the statutory contribution of 12 per cent each by employers and employees, it introduces a more technology-driven and compliance-focused framework.

According to Puneet Gupta, Partner, People Advisory Services, EY India, the scheme is a key step towards implementing the labour codes.

"The new Employees...