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Anil

Anil Rego  | Answer  |Ask -

Financial Planner - Answered on Oct 27, 2023

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Bela Question by Bela on Oct 14, 2023Hindi
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I have less than 1 lakh in my EPFO and I have served around 2 years last job being in 2020. I want to take out the money do not intend to work in private organization and my age being around 52. How should I withdraw so that the amount does not attract tax .

Ans: PF withdrawals in cases where contribution is not made for a continuous period of 5 years is subject to tax. If there was a previous organization you worked for, you can consolidate the same and if the period crosses 5 years, it will be tax free.
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.
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Nitin

Nitin Narkhede  | Answer  |Ask -

MF, PF Expert - Answered on Sep 24, 2024

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Dear Sir, I am working in IT industry for past 20 years and have worked in multiple companies (10) and have not worked in any company for more than 4 years. I have EPF corpus for 25 lacs. so I am part of EPF for past 20 years but I dont have continuous EPF in any organization for 5 years. If I withdraw EPF will it be taxed at my income tax slab.
Ans: About EPF Continuous Service -Since you’ve been contributing to EPF for 20 years across different companies, your overall service with the EPF remains uninterrupted.
About Tax-Free EPF Withdrawal- According to EPF rules, if you have completed 5 years of continuous service (which includes service across multiple employers without withdrawing the balance between jobs), your EPF withdrawal is tax-free. So, despite changing jobs, your service duration with the EPF is counted collectively.
Since you've been contributing for 20 years without breaking the EPF continuity, your withdrawal will not be taxed. You can withdraw the EPF corpus of Rs 25 lakh without worrying about it being taxed at your income tax slab rate.
However, if at any point your EPF service was discontinued and restarted (without a transfer of funds between accounts), the period might reset, leading to taxation concerns. If you are unsure, you could consult with your EPF office or a tax advisor to confirm your exact status. Think about linking all the old accounts in to the current account so that your continuity of service can be verified by PF authorities. Now EPF office have started unified account and you linking your old accounts to the latest account will give you combined value and tax benefits. within my Prosperity Lifestyle Hub community we share such topics to get our financial challenges resolved.
Best regards,
Nitin Narkhede
Founder & MD, Prosperity Lifestyle Hub https://Nitinnarkhede.com
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Nayagam P

Nayagam P P  |7076 Answers  |Ask -

Career Counsellor - Answered on Jun 26, 2025

Career
Sir, I'm getting a seat in VIT AP University CSE and a seat in SRM KTR CSE Specializations (I'm not eligible for CSE Core, CSE AIML, CSE Data Science). Some people have told me that SRM KTR CSE is better than VIT AP CSE. But would it be worth it to take up any SPECIALIZATION in SRM KTR CSE over VIT AP CSE?
Ans: Akshat, VIT-AP University’s CSE program maintains over 90% placement rates, with the 2024 average package reported between ?7–14.4 lakh and top recruiters like Amazon, Microsoft, Infosys, and Deloitte. The curriculum is broad, covering core computer science and industry-relevant electives, and the CSE program is highly regarded for its placement consistency and alumni outcomes. SRM KTR’s CSE specializations (excluding core, AIML, and Data Science) also offer strong placement support, with an overall 91% placement rate and an average package of ?7.19 lakh in 2024, though a declining trend in average packages has been noted recently. SRM KTR enjoys a larger recruiter base and a strong national brand, but student feedback highlights that core CSE and top specializations attract the best opportunities, while some niche CSE specializations may offer fewer choices and less flexibility than a mainstream CSE degree. Both institutions provide good infrastructure and active placement cells, but VIT-AP’s CSE offers a more comprehensive curriculum and higher placement averages for the core program, while SRM KTR’s non-core specializations may not match this breadth or recognition in the job market.

The recommendation is to prefer VIT-AP CSE over SRM KTR CSE specializations (excluding core, AIML, and Data Science), as VIT-AP’s core CSE program offers broader industry alignment, higher placement averages, and greater long-term flexibility, making it a stronger choice for both immediate placements and future career growth. All the BEST for the Admission & a Prosperous Future!

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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.

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