I resigned from my job with a private firm after 15 years in December 2017 to work as a freelance consultant.
Since I don’t have any immediate requirements for the funds, I don’t want to withdraw the EPF money now. Would appreciate if you could clarify following questions in this regard:
1. Will the balance in my EPF account earn interest, even if no fresh contribution are made?
2. How long will it continue to earn interest if there is no change in my employment status?
3. Is the interest earned during the period when there are no contributions taxable?
3. Can I choose to withdraw the money only after I am 58? What are he implications? I am 50 years now.
Since I don’t have any immediate requirements for the funds, I don’t want to withdraw the EPF money now. Would appreciate if you could clarify following questions in this regard:
1. Will the balance in my EPF account earn interest, even if no fresh contribution are made?
2. How long will it continue to earn interest if there is no change in my employment status?
3. Is the interest earned during the period when there are no contributions taxable?
3. Can I choose to withdraw the money only after I am 58? What are he implications? I am 50 years now.