Need Expert Advice?Our Gurus Can Help
T S Khurana

T S Khurana   |569 Answers  |Ask -

Tax Expert - Answered on Aug 05, 2026

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Madhukar Question by Madhukar on Jul 31, 2026
Money

I had retired on 31st October 2023 at the age of 60 and I didn’t withdraw my money till now assuming that i would earn interest for 3 years post retirement ie till 31st October 2026 . 1. Is my assumption right? 2. Is the interst accrued for 3 years post retirement at the age of 60, non taxable?

Ans: Please specify the funds you didn't withdraw. Your Gratuity, Leave Salary/encashment or Provident Funds etc.
Most welcome for further clarifications, if any.
Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |11390 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 24, 2026

Money
I retired at an age of 58 from a private company and my PF contribution stopped. After 1 months I applied for Pension and I have started getting it from this month. I know that I can keep the amount for 3 years without contributing and it will earn interest. I know that the interest earned after contribution stopped will be taxable when I finally withdraw the PF- I want to know that is the tax rate is pre-determined or will be added under 'Income from other source ' and taxed as per my slab on that FY. Thank you
Ans: Your awareness about EPF rules even after retirement is appreciable. Many retirees miss this tax aspect. Planning this correctly will help you avoid surprises at withdrawal stage.

» Interest After Retirement – How It Is Treated
– Once you retire and contribution stops, EPF balance can continue for up to 3 years
– During this period, interest will still be credited
– However, this interest does not remain fully tax-free after retirement
– The tax treatment depends on your individual income tax slab

» Taxation of Interest Earned After Contribution Stops
– Interest earned after retirement is not taxed at a fixed rate
– It is not pre-determined like TDS percentage
– The interest amount will be treated as “Income from Other Sources”
– It will be added to your total income in that financial year
– Tax will be charged as per your applicable income tax slab

» Important Implication for Retirees
– If your pension income is low, tax impact may be minimal
– If you fall in higher slab due to pension or other income, tax may increase
– There is no special concessional rate for EPF post-retirement interest
– No automatic tax deduction may happen; you must declare it while filing return

» Withdrawal Timing Strategy
– Keeping money for 3 years gives additional interest
– But interest becomes taxable, reducing effective return
– If you do not need the money immediately, you may still hold for liquidity
– Compare post-tax return with alternative low-risk investments before deciding

» Cash Flow Planning
– If pension meets your expenses, you can keep EPF balance partly invested
– Withdraw gradually instead of full withdrawal if you want tax management
– Maintain sufficient emergency liquidity separately
– Avoid withdrawing entire corpus without reinvestment plan

» Finally
– Interest earned after retirement is taxable
– It is added under “Income from Other Sources”
– Tax is applied as per your slab in that financial year
– No fixed or pre-determined tax rate applies
– Plan withdrawal based on your income level and cash flow needs

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

..Read more

Latest Questions
Radheshyam

Radheshyam Zanwar  |8599 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Aug 14, 2026

Ravi

Ravi Mittal  |738 Answers  |Ask -

Dating, Relationships Expert - Answered on Aug 13, 2026

Relationship
Hi, I am 58 Yr old Male with 29 yrs into arranged marriage. I have 2 daughters. I am being treated like a stranger in my own house. My wife does not give respect, no value, no love and affection care. Always negatives talking about me for everything. Not listen to any thing regarding family or personal matters. I am not earning much. I am doing my best doing business services. For everything I need basic amount to manage my business until it develops. There is no support for this from my family. Instead of supporting and motivating me, She is always negative about me. She knows I am not earning enough and unable to meet major transactions. She has come from a wealthy family were as I am not. She has helped in providing financial support many times. Now past 3-4 yrs, her behavior has changed. She taunts and blames me for she providing the financial support. Whatever she has provided is always used for family. she knows that. I am unable to focus on my business development. She's gives negative feedback about me to my daughters and they also behave same with me, Instead of supporting and motivating me. There is no intimacy or sex past 1 year. Hardly 1 once in a month earlier, after I force (make positive effort) her lovingly. I love her very much. But this is making me lose that love & affection on her. In our 29 yrs of marriage, she never initiated intimacy, love. Always I been doing it. She never shows interest in getting physical right from 1st day. She has not kissed me even once or hugged me voluntarily in these 29 yrs. I initiate everything. I am romantic. She is not. She gives one or the other reason and avoids. She avoids kissing. She never liked gifts i bought for her. I want her to wear different dresses, but she rejects. Though we sleep on same bed, she just sleeps off. When i go to her, either she pushes or says she has to wake up early sleep now. Even with so many days gap, when I initiate intimacy after 1-3 months, but she taunts saying I only want that from her. I have been hugging, kissing and showing love, affection care on her right from the 1st day of marriage. The same thing is missing from her. I have tried many times talking to her in polite way, trying to woo her, but of no use. I have approached many times we can have one on one talk and sort out any issues she has with me, but she avoids coming into talking terms. I have tried to talk saying lets understand whats going wrong. If I start generally talking, she starts arguing, negative talking and avoids the main discussion that forces me to shut my mouth. when we go out on a 2-3 day trip, she enjoys outing seeing places, food & sleep. Doesn't behave romantically, lovingly. It's just like same as at home. Even I know I am not earning much and trying best to do well. She always keep telling about her money and financial support and her parental house with arrogance & attitude. She has been good with her parental side, but not my side. I believe both husband and wife should take care of family together irrespective of who is more financially strong. Just because I am not earning well, this type of treatment I don't understand. If it was recent few yrs I can understand. But right from day one I have been facing this. Now I've stopped talking much and in silence going through loneliness.
Ans: Dear Prashanth,
I understand that it has been quite difficult for you. After 29 yrs, feeling unwanted, unsupported and criticized can leave anyone extremely lonely. Your problem sounds a lot bigger than just lack of intimacy. There are long-standing communication issues, and both emotional and financial issues. This cannot be solved with romance alone. The better step is to stop pursuing intimacy for now, since your partner is uninterested, and instead focus on having a structured conversation, such as, "Are you willing to work on this marriage, to make it better?" If she refuses to discuss these things with you, I suggest seeing a marriage counsellor; it will be an impartial party looking into the matter, without supporting one over another.

Hope this helps.

...Read more

Nayagam P

Nayagam P P  |12510 Answers  |Ask -

Career Counsellor - Answered on Aug 12, 2026

Asked by Anonymous - Aug 12, 2026
Career
my daughter has secured admission in CSE-AI at IGDTUW .Going by the reputation of the institute she withdrew from BITSAT,JOSAA, LNMIIT and MHT-CET counselings. But now after attending the college for few days, she has been completely put off by the real bad infra and attitude of teachers there.Only viable option left now for her is COMEDK, where she can get CSE in MSRIT.We are delhi based and budget is not a issue. Please suggest further course of action.
Ans: Your daughter may consider switching to MSRIT CSE through COMEDK if her initial experience at IGDTUW has led her to reassess her choice. MSRIT offers good industry exposure and the advantage of Bengaluru’s strong technology ecosystem. However, it would be advisable to visit MSRIT and interact with current students before making the final decision.

Please also verify the current COMEDK counselling and reporting status, as deadlines and eligibility can vary by round. Before proceeding, confirm that her specific counselling status permits admission/reporting at MSRIT.

At the same time, it is important to remember that no institution is perfect; every college has its own strengths and areas for improvement. The decision should therefore consider academics, campus environment, faculty interaction, placements, peer group, location and overall student experience.

Finally, ensure that your daughter is comfortable and mentally prepared to relocate from Delhi to Bengaluru, and that you as parents are also equally comfortable with the transition. If MSRIT appears to offer a better overall fit after this evaluation, switching can be a reasonable option. If possible, it may be worthwhile to keep RVCE CSE as a preference until the final counselling round, provided your daughter has already included RVCE CSE among her choices. If the option remains available in the subsequent rounds, she can consider it based on the seat availability and her merit position. All The Best for Your Daughter's Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x