Hi All,
I have questions regarding EPF withdrawal. I resigned from my organisation in 2012 and went for higher education and since then I have not claimed my EPF. This year I would resume work in April on completion of my degree. I want to know whether I should withdraw or transfer my EPF money given the following facts.
1) I believe that any EPF money is taxable if withdrawn before 5 years (as in my case) but as I was not working from 2012 in financial year 2013-14 my EPF money of about 50K would not be taxable.
2) My organisation was not employee friendly and I don't want to continue hassling with them for transfer.
Kindly suggest which option to take.
CAclubindia
