Hi,
I am employed with my company for 8 years.
Initially we did not have a PF account and In July2011 company started PF account system.
I would be leaving the company in Jan2015 and would be going to USA.
Now as per PF rules if I withdraw my EPF amount before 5 years, it would be taxable.
But if I do not withdraw and leave the account as it is would the time from Jan2015 onwards counted in the total 5 years time period after which the amount becomes non taxable.
What is suggested in this case, to withdraw not itself or to keep the amount untouched for next few years.
Also same is the query related to EPS amount. Should I withdraw it as well?
CAclubindia
