HI
IN LAST 5 YEARS I HAVE 2 JOB CHANGES AND TOTAL 3 JOBS FOR DURATION OF 20 MONTHS. AS OF NOW , I AM UNEMPLOYED AND HAVE JOB BREAKS OF MORE THAN ONE YEAR IN ALL JOBS. THIS 20 MONTHS ARE NOT CONTINUOUS. I HAVE PF ACCOUNT OF ALL EMPLOYERS . I HAVE NOT TRANSFERRED PF'S FROM ANY ACCOUNT. I AM EARNING INTEREST AND NOW I HAVE TO PAY TAX AS WELL AS I DON'T HAVE TOTAL EMPLOYMENT OF 5 YEARS.SO
1 SHOULD I WITHDRAW AND PAY TAX?
2. SHOULD I KEEP ACCUMULATING PF AND INTEREST AND JUST TRANSFER PF TO ONE ACCOUNT? I HAVE NO CLARITY ON WHEN I WILL START NEXT JOB? IF I DO THIS, I KEEP ACCUMULATING INTEREST AND PAY TAX LATER.
IS THERE ANY WAY I CAN WITHDRAW PF OR KEEP PF AND SAVE ON TAXES NOW OR LATER? PLEASE ADVICE . I AM CURRENTLY UNEMPLOYED?
CAclubindia
