Hi, I have been employed with my company for 8 years. Initially, we did not have a PF account, but in July 2011, the company started the PF account system. I will be leaving the company in January 2015 and moving to the USA.
EPF Withdrawal and Tax Implications
Now, as per PF rules, if I withdraw my EPF amount, it would be taxable. However, if I do not withdraw and leave the account as it is, would the time from January 2015 onwards be counted in the total 5-year period after which the amount becomes non-taxable? What is suggested in this case: to withdraw it or to keep the amount untouched for the next few years?
Regards
EPF Withdrawal and Tax Implications
Now, as per PF rules, if I withdraw my EPF amount, it would be taxable. However, if I do not withdraw and leave the account as it is, would the time from January 2015 onwards be counted in the total 5-year period after which the amount becomes non-taxable? What is suggested in this case: to withdraw it or to keep the amount untouched for the next few years?
Regards