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View Full Version : Is it possible to keep EPF in account till 5 years and withdraw later?


nishant
05-03-2011, 02:30 PM
I worked for a company for 3 years. I had left the job to pursue my higher studies. I do not want to withdraw EPF amount because it is taxable. Is it possible to keep it till 5 years so that when I withdraw the amount it will be exempted from tax?
tigershark
05-03-2011, 02:55 PM
If you won’t transfer or withdraw the PF amount, it will stay in your PF account.
>take
09-03-2011, 03:12 AM
I worked for a company for 3 years. I had left the job to pursue my higher studies. I do not want to withdraw EPF amount because it is taxable. Is it possible to keep it till 5 years so that when I withdraw the amount it will be exempted from tax?
Just for your info - According to the new rules, after year 2011, after 3 years of inactivity, your PF account will stop earning any interest income. So withdraw before year 2014.