PF interest taxability after leaving the job
This query is : Resolved
06 January 2023
Hi,
i had taken retirement at the age of 52 and i understand that i will continue to earn PF interest for next 3 years if there is no contribution.
i have below questions.
1) if I withdraw partial amount before end of 3 years after the retirement to make PF account as operative then can i continue to earn interest further till the age of 58 years?
2) what will the tax implications on the interest earned after my retirement (52 years) ?
Thanks
Rajesh
i had taken retirement at the age of 52 and i understand that i will continue to earn PF interest for next 3 years if there is no contribution.
i have below questions.
1) if I withdraw partial amount before end of 3 years after the retirement to make PF account as operative then can i continue to earn interest further till the age of 58 years?
2) what will the tax implications on the interest earned after my retirement (52 years) ?
Thanks
Rajesh
06 January 2023
1 yes.
2 It's taxable.
2 It's taxable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- STCG on ETF gold & silver
- E way bill for tractors
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
