Hello Team, Good morning I was working in India from 2013 to 2020 on same company and moved outside India in 2020. Will I get any interest if I keep the EPF there ? Or if I withdraw the amount will it be taxed? Looking forward to hear from you? Thank you
Since you have been in service for more than 5 year in my opinion your EPF withdrawal won't be taxed.
I would recommend to withdraw the amount and invest in NRE account FD as it will be tax free.
Hope you find the above information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you.
You can withdraw the amount after 5 years of completion of service continuously.
Any withdrawal from EPF will not be subject to TDS
but it will attract tax in personal capacity on interest on EPF Account
- Interest will be credited till the age of 58 years. The account will become inoperative due to the non-contribution for consecutive 3 years from the date of permanent migration from abroad.
- As you have served more than 5 years in the service, withdrawal would be tax exempt.
For detailed discussion you may opt for phone consultation.
