Hi,
I am employed with my company for 8 years.
Initially we did not have a PF account and In July2011 company started PF account system.
I would be leaving the company in Jan2015 and would be going to 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 Jan2015 onwards counted in the total 5 years time period after which the amount becomes non taxable.
What is suggested in this case, to withdraw not itself or to keep the amount untouched for next few years.
From India, Delhi
I am employed with my company for 8 years.
Initially we did not have a PF account and In July2011 company started PF account system.
I would be leaving the company in Jan2015 and would be going to 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 Jan2015 onwards counted in the total 5 years time period after which the amount becomes non taxable.
What is suggested in this case, to withdraw not itself or to keep the amount untouched for next few years.
From India, Delhi
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
517From India, Bangalore
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