EPF & EPS?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2010 Hi,
I have worked for a company for 4.5 years, after that I joined a new company where PF is not applicable. I understand that If I wihdraw my PF at this stage it will be taxable, however what will happen in the following cases
1) If I wait till completion of the 5 years from the start of PF account & withdraw the money after the same.
2) If I open a PPF account, can I transfer the money to the same, if yes how to do the same & will it be taxable

your inputs will be highly appriciated.

Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 December 2010 If you withdraw after 5 years, it will be exempted, only interest will be taxable

Transferring the PPF account also will be equal to withdrwal only. but you can claim the 80C

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Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 Thanks Sir,

Pl tell interest from start of the account will be considered or only for the period after I resigned. Also what about the employers contribution.

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