How long can I keep my EPFO account after retirement? And whether the interest for that period shall be taxed?

Ans: Your EPF Account After Retirement: Keeping it Active and Tax Implications
Good question! Here's what you need to know about your EPF account after retirement:

Can you keep your EPF account active?

Yes, you can! Your EPF account doesn't automatically close upon retirement.
But there's a catch!

If no contributions are made for more than three years after retirement, the account becomes inoperative.
What happens to an inoperative account?

It stops earning interest.
The existing balance remains safe.
Here's the good news!

You can still claim the accumulated amount (balance + interest earned till it became inoperative) anytime.
Tax on interest after retirement:

If you've completed five years of continuous service, any amount withdrawn from your EPF account (including interest), after retirement, is generally exempt from tax.
Remember!

There are some exceptions to tax exemption. Consulting a Certified Financial Planner (CFP) can help clarify your specific situation.
Thinking about withdrawing your EPF?

Consider your financial needs and other retirement income sources.
Withdrawing your EPF reduces your retirement corpus.
Talk to a CFP!

They can help you make informed decisions about managing your EPF after retirement and planning your golden years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in