Is Interest on Your EPF Account Taxable After Retirement? Here's What the Case Law Says

Please find attached the findings of the case law for the subject cited above.

Thanks,
Vidyadhar Bhat

Dear All,

As per the case law, if a member has not withdrawn the PF amount upon cessation or retirement, the interest earned on the balance of the PF account will be taxable. Until the relationship between the employer and employee exists, the contributions and interest are exempt on PF for income tax purposes. Members will be required to declare this income in their return every year and pay the tax.

Thanks, Vidyadhar Bhat