For how long can I have my money secured in my EPF account? even though if I don’t work in India.
After successful withdrawal, EPF income (inclusive of EPS and interest earned for EPF) be filed for income tax? can explain on this?
Kri-It will be safe and no need to worry. But considering few earlier cases, it is not wise to keep idle EPF account. Also, after 3 years of last contribution made to your EPF, the account is considered as INACTIVE. Such inactive account will get any interest on accumulated amount. EPFO keeps the corpus as it is without any further addition to it.
Regarding, taxation of EPF, read my earlier post
- Taxation of Employee Provident Fund (EPF)
- EPF Withdrawal Taxation-New TDS (Tax Deducted at Source) Rules
Thanks much for your reply.