Hi, I am employed with my company for 8 years. Initially, we did not have a PF account. In July 2011, the company started the PF account system. I would be leaving the company in Jan 2015 and going to the USA. Now, as per PF rules, if I withdraw my EPF amount, it would be taxable. But if I do not withdraw and leave the account as it is, would the time from Jan 2015 onwards be counted in the total 5-year time 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?
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Mr.Abhilash, You will get interest for three years even after cessation of service in PF. Hence it is better to withdraw PF later, but on or before completion of three years. Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)
530From India, Bangalore
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
The 15 Second Principle Short Simple Steps To Achieving Long Term Goals Revised Edition.zip
PF Withdrawal New Rules.pdf