New Delhi, June 17 -- The Employees' Provident Fund Organisation EPFO subscribers may soon be able to withdraw provident fund money directly into their bank accounts via UPI. No employer sign-off. No long processing delays. Just scan a QR code at an ATM and get your EPF money instantly.

While the move is expected to make EPF withdrawals faster, more convenient, and accessible, many subscribers are still unclear about one crucial aspect: the tax implications of withdrawing their provident fund savings through this new mechanism. Here's a look at it

EPFO 3.0 is a major digital upgrade initiative by the EPFO that will enable subscribers to withdraw or transfer their PF money instantly in a paperless manner.

The new system will eliminate p...