Tax alert: EPFO directs employers to ensure UAN Activation and seeding of Aadhaar with bank accounts EPFO to Ensure UAN has been saved
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Tax alert: EPFO directs employers to ensure UAN Activation and seeding of Aadhaar with bank accounts EPFO to Ensure UAN
27 November 2024
The Union Ministry of Labour and Employment (MoLE) has directed the Employees Provident Fund Organisation (EPFO) to ensure that UAN activation via Aadhaar based (One-Time Password) OTP is carried out for new joinees who joined in the Financial Year 2024-25 (April 2024) so that the benefits of Employment Linked Incentive (ELI) Scheme can be seamlessly passed. EPFO has in turn released a circular on 22 November 2024 to operationalise the same.