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Income tax

EPFO Raises Auto Claim Ceiling to 5 Lakh: A Significant Shift for Provident Fund Members

The EPFO has raised the automatic claim settlement threshold from ₹1 lakh to 5 lakh, benefiting 7.5 crore members by expediting PF withdrawals. Discover how this significant change minimizes processing time, removes the need for manual approvals, and enables employees to access funds in times of need.