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
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
