No Tags Found!


nitin-jain
I had been employed with a private organization for last 11 years. Now I have a central govt. job offer where I will be having NPS instead of PF.
In such 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 what will be the income tax rules in this case.
2)If i should redeem my PF balance.Also please tell what will be the income tax rules in this case.

From India, New Delhi
nitin-jain
Dear experts Please share some insight on above
From India, New Delhi
umakanthan53
6018

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

From India, Salem
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.