Switching from Private to Government Job: What Happens to My PF and Taxes?

nitin-jain
I had been employed with a private organization for the last 11 years. Now I have a central government job offer where I will be having NPS instead of PF.

In such a case, experts, please advise:

1) If I can leave my PF balance as it is without closing my account and keep on earning interest. Also, please tell me what the income tax rules will be in this case.

2) If I should redeem my PF balance. Also, please tell me what the income tax rules will be in this case.
umakanthan53
EPF and CPF Applicability

EPF applicable to industrial employees is maintained mostly by the EPFO created under the EPF Act, 1952. CPF applicable to Government Departmental Employees is maintained by the AGs. Therefore, you cannot club them.

Withdrawal of EPF Funds

Once you cease to be a member of the Fund, you have to withdraw the entire proceeds. I don't think that the sum in the credit would earn interest forever once you are not a member of the Scheme.
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