The EPFO has launched VISHWAS 2026, a six-month, one-time dispute resolution scheme to help employers settle pending damages and penalty cases under provident fund laws. The initiative offers substantially reduced penalty rates for eligible defaults before June 14, 2024, through a fully digital, transparent and time-bound process.

EPFO's 'VISHWAS 2026' scheme offers a six-month digital solution for employers to resolve penalty disputes and enhance compliance.

Under VISHWAS, 2026, damages or penalty for defaults pertaining to the period prior to June 14 2024 shall be recalculated at substantially reduced rates, namely 0.25% per month…