I have retired from service on attaining 60 years of age. I have not withdrawn my PF. Is the interest on PF taxable? I have checked & observed that the interest on PF balance has not been credited for FY 2021-22 & FY 2022-23 and the PF balance in my EPF passbook shows an amount without the interest credited. Am I still required to pay tax on interest earned on PF?

Ans: Dear ,

You have raised a valid point which most of the young professionals are passing through. What a paradox in Indian context , at one hand,. public sector companies do have quite liberal working conditions and virtually No direct accountability to push your to the stress level to that high of opting for ending life. whereas in most private or proprietorship companies , right from reaching office in time to achieving the set objectives days after days , months after months keep on increasing. There is limit of tolerance of abusive behaviur or working styles , hence many find ways to move to other comanpies, some quite the job , some move out to other industries . There are many companies , why only talk about EY or IT sector companies ,I can give true exampples of BFSI/NBFCs/Telecom/ Industrial products companies / Real Estate cos/ FMCG/FMCD/Pharma cos where many avoid to opt for even when they are offered high packages , Reason, - High work pressure , abusive work conditions , Job Uncertainity , worst approach of top management . You are treated like slaves .
However taking own life as the CA at EY did was really heartwrenching . More so the approach of the management , After all a young talented girl . lost her life due to work pressure as mentiioned in her notes. To be honest , no one attending funeral from management side is not normal . In most cases some one represents management . May be, due to legal complications, Sr managers avoided attending the funeral . As far as my advice to young professionals is concerned , Be bold , take challenges as part of your life and when you feel . it is crossing your limits , You must expose the truth to top management as many a times , putting so much pressure on young professionals are the handiworks of Line managers or HR manager , which top management might not be aware about . She being a CA should not have any issues in finding another good paying job or even joining any CA firm as Sr manager taxation or in auditing. She should have fought back. You must have seen many army /police /CISF or Bank professionals commit suicide under work pressure which is really painful . One should fight back or find better options available than ending own life.

Ans: short term ok, multibagger NO

Ans: Balanced Fund

Ans: Surrender will cause lot of charges and since you already have market exposure through ULIP therefore I recommend you to continue it. Invest in Bluechip and opportunities fund for long term. Also since your policy is before Feb-2021, your gains out of ULIP plan will be 100% tax free(No capital gain) at maturity as per Section 10(10D).

Happy Investing!!

Ans: You should have disclosed this medical condition at the time it arose despite the fact that you did not raise any claim.

Any change in health status of the persons covered in the health care policy should be updated to insurer well in advance before the renewal immediately after change of health status. In the absence of this, the healthcare provider can refuse any further claim for the person whose health status has changed.

Do it now, assess their response and then decide about next steps.

Ans: Prashant, both are good. You can prefer DTU. All the BEST for Your Bright Future.

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Ans: Prefer VIT-P-CSE-DS. All the BEST for Your Bright Future.

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Ans: Anaya, doing CS will be more relevant to LAW (as far as the curriculum of both is concerned), compared to CMA-US. All the BEST for Your Bright Future.

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Ans: Multiple options in Engineering itself. Also, she can try for IISc or IISER (for Research Studies). Mathematics & Computing is also one of the best options as she is interested in Maths. Let her prepare well for Entrance Exams & she should appear in minimum 5-7 Entrance Exams after 12th to have multiple options to choose the most suitable one for her. All the BEST for Your Daughter's Bright Future.

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