1. Vide Notification dated 11-11-16, EPFO has allowed even inoperative accounts to receive regular interest till the employee attains the age of 58 years.
2. Accumulated PF will always remain tax-exempt.
3. Accumulated interest will be tax-exempt only till end of actual employment (or 58 years age max.) after a continuous service for 5 years or more.
4. Interest accumulated thereafter is taxable in the year(s) withdrawn under the head "Income from other sources".
2. Accumulated PF will always remain tax-exempt.
3. Accumulated interest will be tax-exempt only till end of actual employment (or 58 years age max.) after a continuous service for 5 years or more.
4. Interest accumulated thereafter is taxable in the year(s) withdrawn under the head "Income from other sources".
5. EPF account becomes inoperative after an employee turns 58, or 3 years after retirement / resignation / termination.