PF interest taxability after leaving the job
This query is : Resolved
Rajesh2345
(Querist)
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
CA R SEETHARAMAN
(Expert)
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- Employee secondment
- GSTR9 Annual Return
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Form 144 TDS Return Validation error
- LLP audit and disclosure
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
