Interest in EPF on deposits for 3years post retirement
This query is : Resolved
Quick Summary
30 July 2021
The EPF account remains operative and earns interest for three years even if there is no contribution.
I want to know that if there is any age bar in this?
Means, if this three years extndend period of interest earning is available after sixty years of age also? (ie, for employees retiring on sixty years)
Thanks
I want to know that if there is any age bar in this?
Means, if this three years extndend period of interest earning is available after sixty years of age also? (ie, for employees retiring on sixty years)
Thanks
30 July 2021
Interest earned in PF after retirement is taxable.
30 July 2021
Agree ,Interest earned in PF after retirement is taxable.
31 July 2021
Thanks sirs.
It is well settled that interest earned in EPF after retirement is taxable.
But my question is different:
If there is any age condition for EPF account remaining operative for three years after the date of stoppage of contributions therein and earning interest ?
i.e., if a person retiring at the age of 60 years or 62 years would also continue to earn interest until the age of 63 or 65 years respectively?
It is well settled that interest earned in EPF after retirement is taxable.
But my question is different:
If there is any age condition for EPF account remaining operative for three years after the date of stoppage of contributions therein and earning interest ?
i.e., if a person retiring at the age of 60 years or 62 years would also continue to earn interest until the age of 63 or 65 years respectively?
04 August 2021
Thanks sirs.
It is well settled that interest earned in EPF after retirement is taxable. But my question is different: If there is any age condition for EPF account remaining operative for three years after the date of stoppage of contributions therein and earning interest ? i.e., if a person retiring at the age of 60 years or 62 years would also continue to earn interest until the age of 63 or 65 years respectively?
It is well settled that interest earned in EPF after retirement is taxable. But my question is different: If there is any age condition for EPF account remaining operative for three years after the date of stoppage of contributions therein and earning interest ? i.e., if a person retiring at the age of 60 years or 62 years would also continue to earn interest until the age of 63 or 65 years respectively?
05 August 2021
Yes you are right if a person retiring at the age of 60 years or 62 years would also continue to earn interest until the age of 63 or 65 years respectively.
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